Olof Persson Is the New Volvo CEO

Starting from September 1st, Volvo Group will have a new CEO, with Olof Persson taking the helm. The new President and CEO will replace Leif Johansson, who will retire.

Naturally, it is both an honour and a challenge to be provided with the opportunity to lead Sweden’s largest company,” says Olof Persson. “Volvo is a company with tremendously knowledgeable and committed employees, with a unique culture and with many strong and exciting brands and I am truly looking forward to the task.

Persson is set to be appointed Executive Vice President and deputy CEO from May 1st, working together with Johansson. The new CEO is currently President of Volvo Construction Equipment. He was born in 1964, has a Bachelor's Degree in Business Administration and has been a member of Volvo Group Executive Committee since 2006.

During his time at Volvo Aero and Volvo Construction Equipment, Olof Persson has gained the right experience and demonstrated the characteristics that make him highly suited to take over as President of AB Volvo and CEO of the Volvo Group and replace Leif Johansson who has strategically transformed and grown the Volvo Group while maintaining the core values of the company,” says Louis Schweitzer, Chairman of the Volvo Board.

According to Volvo, Persson was selected thanks to multiple factors, such as his experience in managing large organizations with global operations and his achievements as president of two Volvo Group subsidiaries.

Volvo said that it will announce a successor as President of Volvo Constructions Equipment soon.
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About the author: Andrei Tutu
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In his quest to bring you the most impressive automotive creations, Andrei relies on learning as a superpower. There's quite a bit of room in the garage that is this aficionado's heart, so factory-condition classics and widebody contraptions with turbos poking through the hood can peacefully coexist.
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