Volvo Car Group announces Jim Rowan as next CEO

– SWEDEN, Gothenburg –  Volvo Car Group (STO: VOLCAR-B) today announced the appointment of Jim Rowan as CEO & President, effective will join on March 21, 2022, to succeed Håkan Samuelsson who will leave the company and the Board but remains the Chairperson of Polestar Automotive Holding UK.

“I am very pleased to welcome Jim Rowan as the new CEO of Volvo Cars. Volvo Cars is going through a rapid transformation of digitalization which is why we wanted to bring in someone with global CEO experience from outside the automotive industry. Jim is the right person to accelerate Volvo Cars into the future – enabling it to become the fastest transformer in its field and a fully electric company with millions of direct consumer relationships,” commented Board Chair, Eric Li.

Håkan Samuelsson will stay in his role until Jim Rowan starts in March, at which time Håkan will also leave the Volvo Car AB board. Håkan will continue as the Chairperson of Polestar Automotive Holding UK Limited to see it through the de-SPAC process, as it is expected to list on the Nasdaq stock market under the ticker symbol “PSNY” later this year.

About Jim Rowan

Jim Rowan is currently the CEO and Board member of Ember Technologies, and previously Group CEO of the Dyson Group.

Jim brings with him over three decades of global experience in the consumer and technology sectors, delivering strong growth and profitability through transformation strategies and customer engagement. He has also worked extensively with digitalization, disruption, innovation, engineering, and supply chains, which will be valuable for the future of Volvo Cars to realize its strategic ambitions. He has worked with Ember as an investor, Board member, and CEO since February 2021. He served as CEO of the Dyson Group between 2017-2020 and as COO from 2012-2017, during which time he accelerated the company’s e-commerce strategy, launched new innovative products, and grew its market share worldwide. Before Dyson, he was the COO of BlackBerry. He is currently a senior advisor to the global investment firm KKR and a member of the Shareholders’ Committee of Henkel AG, German technology and consumer goods company, which operates worldwide.

“I am delighted to join Volvo Cars at such an exciting time for the company and at such a transformational time for both the industry and consumers. The strong track record of Volvo Cars across innovation, safety, and quality, coupled with world-class talent and inspiring sustainability and technology capabilities, places it in the driver’s seat for the road ahead,” said Jim Rowan.

About Volvo Car Group

Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker “VOLCAR B”.

Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable, and safe way. This is reflected in its ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

As of December 2020, Volvo Cars employed approximately 40,000 full-time employees. Volvo Cars head office, product development, marketing, and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars’ production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu, Daqing, and Taizhou (China). The company also has R&D and design centers in Gothenburg, Camarillo (US), and Shanghai (China).

For more information  https://www.volvocars.com/

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