STOCKHOLM — Volvo Car Group said it has appointed Jim Rowan as new CEO to succeed Hakan Samuelsson in March.
Rowan, currently CEO at U.S-based Ember Technologies, is taking over just months after Volvo wrapped up its IPO, the biggest in Europe last year.
Volvo, in a statement Tuesday, said Samuelsson will stay in his role until Rowan starts on March 21. He will also leave Volvo Car’s board, while continuing as chairman of electric vehicle maker Polestar.
“The strong track record of Volvo Cars across innovation, safety and quality, coupled with world-class talent and inspiring sustainability and technology capabilities, places it in the driver’s seat for the road ahead,” Rowan said in the statement.
Samuelsson said in the statement: “I am pleased to welcome Jim to his new role to continue the great journey Volvo Cars is on. I would also like to extend my thanks to all Volvo Cars employees for the incredible progress we have made together in the past 10 years — for not only making Volvo one of the fastest growing and most trusted premium automotive brands, but for always innovating and leading with purpose.”