Volvo names ex-Dyson boss as new president and CEO

Volvo names ex-Dyson boss as new president and CEO

Volvo CEO and president Håkan Samuelsson will step down from his role in March after nearly ten years, to be replaced by ex-Dyson Group CEO Jim Rowan. 

Samuelsson has been president and CEO of Volvo Cars since October 2012, having previously served for two years on the company board, and before that as chairman and CEO of the now defunct commercial vehicle manufacturer MAN SE. 

Samuelsson’s contract comes to an end in 2022, and Volvo said his successor has been selected after “a thorough and diligent search process to secure the continued strong leadership of Volvo Cars with a CEO who has a strong background in software, digital transformation and innovative consumer products”.

When Rowan takes over on 21 March 2022, Samuelsson will leave Volvo’s board of management but continue to serve as chairperson of Polestar as it prepares to list on the Nasdaq later this year. He has yet to comment on any future plans beyond that.

New CEO Jim Rowan is currently boss of Ember Technologies – a manufacturer of heat-controlling kitchenware. Prior to that, he was CEO of technology giant Dyson for three years, specifically during the period in which the company was developing a bespoke electric car – which ultimately never made its way to market.

This breaking news story is being updated.