Volvo CEO replaced in new push for profits


Volvo Group has announced the appointment of former Scania president and chief executive officer Martin Lundstedt (pictured) as its own new president and CEO. Lundstedt, who will take up his new job in October, replaces Olof Persson who steps down with immediate effect. Group chief financial officer Jan Gurander will take over Persson’s responsibilities in the interim. A spokesman for Volvo confirmed that Persson, who had been at the helm for almost four years, did not leave of his own […]