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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 fitting 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 position, Erik will proceed to serve on Volvo Vehicles’ Government Administration Workforce. Having spent his profession at Volvo Vehicles working throughout finance, technique and product, Erik most just lately 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 growth 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 can be a helpful asset as we speed up in direction of an all-electric future.
Alongside these appointments, Volvo Vehicles’ industrial workforce will refresh its method. The newly introduced areas will kind the industrial workforce underneath Erik Severinson’s management. As well as, Volvo Vehicles will appoint Product Line House owners for its product traces. These can be reporting to the Chief Business Officer.
“I’m very happy to welcome Erik to this new position, 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 prospects, 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 prospects’ 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 really customer-centric, international model”.
“I’m delighted to return to Volvo Vehicles and tackle the position 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 growth. We’re in the midst of a transformative change pushed by electrification and expertise, and Volvo Vehicles is well-positioned to cleared the path in delivering these advantages to prospects.”
To safe the execution of the corporate’s aims, a brand new management construction can be created to make sure an efficient efficiency steering. Please discover updates on the Investor Relations web site.
Volvo Vehicles in 2024
For the complete 12 months 2024, Volvo Automotive 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 international gross sales reached a report 763,389 vehicles.
About Volvo Automotive Group
Volvo Vehicles was based in 1927. Right this moment, it is without doubt one of the most well-known and revered automobile manufacturers on the earth with gross sales to prospects in additional than 100 international locations. Volvo Vehicles is listed on the Nasdaq Stockholm alternate, the place it’s traded underneath the ticker “VOLCAR B”.
“For all times. To provide individuals the liberty to maneuver in a private, sustainable and protected approach.” This function is mirrored in Volvo Vehicles’ ambition to turn into a completely electrical automobile maker and in its dedication to an ongoing discount of its carbon footprint, with the ambition to attain net-zero greenhouse fuel emissions by 2040.
As of December 2024, Volvo Vehicles employed roughly 42,600 full-time workers. Volvo Vehicles’ head workplace, product growth, advertising and marketing and administration capabilities are primarily situated in Gothenburg, Sweden. Volvo Vehicles’ manufacturing vegetation 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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