Pat Olney, current president of Volvo Construction Equipment, will leave his position at the end of the year. Olney will move on to a non-competing, large engineering company based in the U.S.
Olney, 44, joined Volvo CE in 1996 and held a number of top management positions in finance, operations and general management before becoming president of Volvo CE in May 2011.
“I have had a long and rewarding career with Volvo, and for that I will always be grateful. As such, this was not an easy decision. I have had the ambition to relocate at some point to North America and this opportunity was simply too good to pass up,” said Olney.
“Pat has done an excellent job during his career with Volvo I regret that he has decided to leave Volvo. At the same time I fully understand and respect his desire to move to North America for professional and personal reasons,” said Olof Persson, president and CEO of the Volvo Group.
The search for Olney's replacement has begun.