Sweden-based Volvo Automobiles has appointed Fredrik Hansson as its new chief monetary officer (CFO) efficient instantly, it mentioned on Thursday within the newest change to the auto maker’s administration.
Final month, Volvo Automobiles unexpectedly introduced again former CEO Hakan Samuelsson to move the group for the subsequent two years at a turbulent time marked by mounting tariff pressures and market uncertainty.
It mentioned on Thursday that Hansson, the group’s deputy CFO since 2023, would tackle the job of CFO on Thursday and that Johan Ekdahl, who held the place since 2022, was leaving the corporate.
“We’re presently navigating difficult and fast-moving market circumstances, the place effectivity and monetary efficiency are key,” Samuelsson mentioned in a press release.
“Fredrik’s deep information of the corporate, mixed together with his strategic understanding of the business’s complexities, can be a worthwhile addition to the corporate’s govt administration crew.”
Samuelsson changed Jim Rowan who had run the group since 2022.
Volvo Automobiles is because of report first-quarter outcomes on April 29.
Shares within the group, which is majority-owned by China’s Geely, are down 23% this yr.
