This past October, John Maloney stepped down from his post as CEO at Volvo Cars North America. In his place, the Swedish automaker tentatively promoted Tony Nicolosi, who had until then served as head of Volvo Car Financial Services. The appointment was reportedly temporary, giving Nicolosi the title of acting CEO. But according to Automotive News, his position has now been confirmed for the long run.
Volvo CEO Hakan Samuelsson will be making a rather large charitable donation - 500,000 Euros ($668,000), according to Bloomberg. This is not, however, a move out of the goodness of his heart. It's part of an agreement the exec made after a court case in Germany. Samuelsson spent nine years at truck manufacturer MAN, with his last four years as the boss. During his tenure, though, MAN was accused of illegal conduct, now understood to be bribes, in its Slovenian operations.
Volvo CEO Stefan Jacoby has said his company's products are "too complicated for the consumer," according to Automotive News. Jacoby said 75 percent of Volvo customers don't know "all the possibilities they have with their car." He contrasted the automaker with Apple's intuitive products, which make consumers feel in control of a device instead of overwhelmed by its capabilities. The executive also made it clear that in order for the company to thrive, it needs to better cater to the next genera
Volvo CEO Stefan Jacoby has never been the biggest fan of electric vehicles (EVs), having said in the past that mainstream affordability and widespread readiness are many years away. Speaking at the Los Angeles Auto Show today, Jacoby sounded a slightly different tune – for a while.
With Volvo forever separated from Ford, the Swedish automaker needs of a new leader, and a report from Automotive News shows that that search may start and end in the country's own back yard. Swedish Business daily Dagens Industri claims Jan Ake Jonsson, the current CEO of Saab, is on the short list of names who could one-day run Volvo. Volvo's current CEO, Stephen Odell, will reportedly leave the Swedish automaker for a post as head of Ford Europe.
The last time we heard the name Stephen Odell, it was in connection to a list of possible replacements for current CEO Alan Mulally. While we aren't here to report on the top executive position at Ford, Odell has been tapped as Fredrik Arp's replacement as CEO of Volvo. Arp, who is leaving the automaker for other pursuits, had been serving as Volvo CEO and President since his appointment in October of 2005. Starting in October of this year, Odell will be responsible for leading Volvo towards "su