Persson Out as Volvo Group CEO; Replaced by Scania Head

April 27, 2015

The Board of Directors of AB Volvo has appointed Martin Lundstedt, 47, as the president and CEO of the Volvo Group, replacing Olof Persson who was CEO for nearly four years.

Martin Lundstedt will assume his new position in October 2015. His most recent role is as president and CEO of the Scania Group.

Jan Gurander, Volvo Group’s CFO, will be acting president and CEO in the interim.

Lundstedt has spent his entire 25-year career at Scania. He joined in 1992 as a trainee after obtaining an MSc in industrial management and technology.