Håkan Samuelsson is returning to Volvo, after the management of the Swedish brand decided to replace the current CEO Jim Rowan, who has been in the position for three years.
Rowan’s position, which also included the role of president of the Swedish brand, will now be filled by his predecessor, Håkan Samuelsson, for the next two years, providing enough time to select a new CEO for Volvo.
Rowan’s departure is at least surprising since it comes after the Swedish brand achieved a record in sales and profits in its history in 2024. Furthermore, Rowan was responsible for delaying Volvo’s goal of fully transitioning to electric mobility by the end of the current decade.
The Swedish brand has already revealed that Samuelsson’s return takes place at a “crucial moment” for the brand and the automotive industry in general, due to “rapid technological changes, increasing geopolitical complexity, and intensifying competition,” Volvo Cars stated in a press release.
Håkan Samuelsson has expressed that he is ready for the challenge. “I am honored to return at such a decisive time for Volvo Cars. I have deep respect for the challenges we face and look forward to working with our talented team to enhance competitiveness, meet the demands of key markets, and accelerate strategic execution while focusing on leadership development,” said Håkan Samuelsson.
