“My years at Volvo have been a fantastic period in my life and this is by no means a light-hearted decision, but at some point it’s time to leave,” said Johansson. “The timing is good both with respect to my personal situation and with respect to the more stable situation for the company.”
"Leif Johansson has done an impressive job during his years at Volvo and although I regret his decision I have full respect for it given his many years of hard work”, added Louis Schweitzer, chairman of the Board of Volvo. “The Board will now focus on finding his successor.”
In conjunction with his resignation, Johansson will also retire from the Board of AB Volvo completely.
Johansson has been the CEO and President of Volvo since 1997. In addition, he is holding a number of other senior positions with companies such as Bristol Myers Squibb and SCA. He is also the chairman of the European Round Table of Industrialists.
“Given the tremendous job Leif Johansson has done in transforming the Volvo Group into a truly global and leading player within the commercial vehicle industry, I would have liked to see him stay on his post for a little longer, but I obviously have to respect his decision,” concluded Schweitzer.
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