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Final Up to date on: fifteenth August 2025, 11:20 pm
The introduced adjustments underline the corporate’s continued dedication to enhancing its buyer providing, guaranteeing the precise product line-up for every area, and delivering stronger industrial efficiency.
Erik Severinson has been appointed Chief Business Officer, efficient instantly. As a part of his new function, Erik will proceed to serve on Volvo Vehicles’ Govt Administration Workforce. Having spent his profession at Volvo Vehicles working throughout finance, technique and product, Erik most not too long ago served as Chief Product & Technique Officer.
As well as, Michael Fleiss returns to Volvo Vehicles, changing Erik as Chief Technique & Product Officer. Michael, with broad expertise in product improvement and planning, spent almost 10 years at Volvo Vehicles earlier than becoming a member of Aurobay, which was later acquired by Horse Powertrain — the three way partnership between Geely and Renault. His experience will probably be a beneficial asset as we speed up in direction of an all-electric future.
Alongside these appointments, Volvo Vehicles’ industrial group will refresh its method. The newly introduced areas will kind the industrial group below Erik Severinson’s management. As well as, Volvo Vehicles will appoint Product Line Homeowners for its product strains. These will probably be reporting to the Chief Business Officer.
“I’m more than happy to welcome Erik to this new function, and to welcome Michael again to Volvo Vehicles,” Says Håkan Samuelsson, CEO of Volvo Vehicles. “Erik and Michael are extremely skilled and brings a deep understanding of our firm and clients, technique and operations. The adjustments we’re doing will strengthen Volvo Vehicles at this pivotal second for the corporate and the business.”
“In a quickly altering and extremely aggressive market, we should be extra linked than ever to our clients’ expectations throughout each area,” says Erik Severinson, Volvo Vehicles’ newly appointed Chief Business Officer. “I’m excited to deliver our regional, product and industrial groups nearer collectively to make sure we’re delivering a compelling provide to each buyer — wherever they’re — and strengthening Volvo Vehicles’ place as a very customer-centric, world model”.
“I’m delighted to return to Volvo Vehicles and tackle the function of Chief Technique & Product Officer,” says Michael Fleiss. “While it is a difficult time for the business, it’s an extremely energising second to be in technique improvement. We’re in the midst of a transformative change pushed by electrification and expertise, and Volvo Vehicles is well-positioned to prepared the ground in delivering these advantages to clients.”
To safe the execution of the corporate’s goals,?a brand new management construction will probably be created to make sure an efficient efficiency steering. Please discover updates on the Investor Relations web site.
Volvo Vehicles in 2024
For the total 12 months 2024, Volvo Automobile Group recorded a record-breaking core working revenue of SEK 27 billion. Income in 2024 amounted to an all-time excessive of SEK 400.2 billion, whereas world gross sales reached a file 763,389 vehicles.
About Volvo Automobile Group
Volvo Vehicles was based in 1927. Right this moment, it is without doubt one of the most well-known and revered automotive manufacturers on this planet with gross sales to clients in additional than 100 international locations. Volvo Vehicles is listed on the Nasdaq Stockholm alternate, the place it’s traded below the ticker “VOLCAR B”.
“For all times. To offer folks the liberty to maneuver in a private, sustainable and secure approach.” This objective is mirrored in Volvo Vehicles’ ambition to grow to be a totally electrical automotive maker and in its dedication to an ongoing discount of its carbon footprint, with the ambition to attain net-zero greenhouse gasoline emissions by 2040.
As of December 2024, Volvo Vehicles employed roughly 42,600 full-time workers. Volvo Vehicles’ head workplace, product improvement, advertising and administration capabilities are primarily situated in Gothenburg, Sweden. Volvo Vehicles’ manufacturing crops are situated in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The corporate additionally has R&D and design centres in Gothenburg and Shanghai (China).
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