Volvo president and CEO resigns

Helen Wright

13 December 2010

Volvo Group CEO Leif Johansson.

Volvo Group CEO Leif Johansson.

Volvo president and CEO Leif Johansson has informed the company's board that he will retire in August next year after almost 14 years at the helm.

Chairman of the board Louis Schweitzer said that during Mr Johansson's tenure, Volvo had transformed into a "truly global player".

"I would have liked to see him stay on his post for a little longer, but I obviously have to respect his decision," Mr Schweitzer said.

Mr Johansson turns 60 in August 2011, and said his decision to retire from Volvo was not based on a desire to move on to a CEO position in a different company.

"I have been CEO and president of public companies for 20 years now and have no intention to move on to a CEO position elsewhere, but I might consider new board assignments," Mr Johansson said.

Appointments Personnel Construction
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA