Olof Persson appointed new Volvo CEO
The Board of Directors of AB Volvo has decided to appoint Olof Persson, 46, currently president of Volvo Construction Equipment, as the new president and CEO of Volvo.

Olof Persson will assume the position as president of AB Volvo and CEO of the Volvo Group on September 1 of this year, when Leif Johansson, as announced previously, retires.

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“During his time at Volvo Aero and Volvo Construction Equipment, Olof Persson has gained the right experience and demonstrated the characteristics that make him highly suited to take over as president of AB Volvo and CEO of the Volvo Group and replace Leif Johansson who has strategically transformed and grown the Volvo Group while maintaining the core values of the company,” says Louis Schweitzer, chairman of the Volvo Board.