Car manufacturer Volvo Cars announces organizational changes aimed at simplifying the structure of the commercial part of the business. As part of this, responsibilities in the regions will be strengthened, the company writes in a press release.
"In a rapidly changing world, we need to ensure that our organization is equipped to navigate a more challenging market. We are restructuring our commercial leadership team with a focus on making Volvo Cars even stronger, faster and more efficient," said Jim Rowan, President of Volvo Cars.
On a personnel level, the changes include the departure of the current Commercial Director Björn Annwall, who is also Vice President of Volvo Cars.
"Over the past nine years, Björn has established a strong team around him that will continue the important work that lies ahead," said Rowan.
The company is not replacing Annwall but delegating responsibility to a number of other executives, including Oscar Bertilsson Olsborg who will become Head of Global Commercial operations.
Volvo Car AB is a Sweden-based automotive brand. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
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