Volvo Automobiles has promoted its head of Europe, Bjorn Annwall, to chief monetary officer.

Annwall, 45, who joined the automaker’s government administration workforce in 2015, will succeed Carla De Geyseleer efficient April 19.

De Geyseleer, who has served as CFO since 2019, will step down for private causes, the automaker said.

Annwall has been Volvo’s head of the EMEA (Europe, Center East, Africa) since 2019, throughout which period he spearheaded the automaker’s aggressive move into on-line gross sales. Volvo desires to greater than double international on-line gross sales to 50 p.c by 2025.

Previous to main EMEA, Annwall led Volvo’s business operations division and company technique after beginning because the automaker’s head of selling, gross sales and repair.

Volvo CEO Hakan Samuelsson stated in a launch that Annwall is “a contemporary chief” who has a “deep strategic understanding” of Volvo’s future plans.

“This places him in a superb place to assist the continued development and monetary efficiency of our enterprise,” Samuelsson added.

De Geyseleer is credited with efficiently steering the corporate’s funds in the course of the COVID-19 pandemic and guiding the automaker to a record performance in the second half of 2020.

Final 12 months she additionally helped Volvo align its financial strategy with its overall sustainability ambitions, which embody being carbon impartial by 2040.
 
Arek Nowinski, who’s Volvo’s managing director in Poland and head of merchandise for Europe, will take over as head of EMEA.

As well as, he’ll develop into one of many firm’s senior vice presidents and report back to Lex Kerssemakers, Volvo’s board member for international business operations.

Nowinski has been with Volvo for 17 years, throughout which period his led a nationwide gross sales firm in addition to labored on core strategic initiatives at firm headquarters on Gothenburg.