Volvo boss Jim Rowan steps down, ex-CEO Samuelsson returns

Volvo boss Jim Rowan will step down from the firm immediately, and will be replaced by his predecessor Håkan Samuelsson on an interim basis. The Scotsman was a surprise choice to take over as the boss of the Swedish firm in 2022, moving over from the tech industry. His previous role was at Dyson. Rowan will leave Volvo on 31 March, and no reason for his departure has been given. During his time at the helm of the Geely-owned firm, Rowan oversaw the launch of the EX30, EX90 and ES90 SUVs, and was a key proponent of its push towards electric vehicles built around an advanced new software architecture. Rowan also helped oversee new record sales, but he also rolled back Volvo's plans to become an electric-only brand by 2030. Rowan will be replaced on an interim basis by Samuelsson, the man he took over from three years ago. Samuelsson will serve a two-year term, starting on 1 April, while the firm searches for a permanent replacement. Volvo chairperson Eric Li said that Samuelsson "brings a rare combination of industrial depth, strategic clarity and proven leadership". He added: "As the industry enters an even more complex phase, we believe his experience and steady hand are exactly what is needed to strengthen Volvo Cars’ global position and unlock its next wave of potential.” Samuelsson previously led Volvo from 2012 until 2022, and was key in stabilising the firm under the ownership of Chinese firm Geely and pushing it upmarket into the premium sphere. He also steered Volvo towards becoming an electric-only brand. Samuelsson said: “The car industry is under pressure from many directions. I’m honoured to return at such a defining moment for Volvo Cars. I have deep respect for the challenges ahead and look forward to working with our talented team to sharpen our competitiveness, meet the demands of key markets, and accelerate strategic execution and focus on leadership development." In the press release issued by Volvo, Rowan said that it had been "a privilege" to lead the firm, adding: "Together, we’ve made significant progress in building a fast-growing, trusted brand and launched some of the industry’s most advanced and safety-oriented products – benefiting our customers and the broader community."

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Volvo boss Jim Rowan steps down, ex-CEO Samuelsson returns

Scotsman Rowan leaving Swedish firm after three years; former boss returns on interim basis

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Volvo boss Jim Rowan steps down, ex-CEO Samuelsson returns

Scotsman Rowan leaving Swedish firm after three years; former boss returns on interim basis

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