STOCKHOLM — Volvo Automotive Group stated it has appointed Jim Rowan as new CEO to succeed Hakan Samuelsson in March.

Rowan, at the moment CEO at U.S-based Ember Applied sciences, is taking on simply months after Volvo wrapped up its IPO, the most important in Europe final 12 months.

Volvo, in an announcement Tuesday, stated Samuelsson will keep in his position till Rowan begins on March 21. He can even depart Volvo Automotive’s board, whereas persevering with as chairman of electrical automobile maker Polestar.

“The sturdy observe report of Volvo Automobiles throughout innovation, security and high quality, coupled with world-class expertise and provoking sustainability and know-how capabilities, locations it within the driver’s seat for the street forward,” Rowan stated within the assertion.

Samuelsson stated within the assertion: “I’m happy to welcome Jim to his new position to proceed the good journey Volvo Automobiles is on. I might additionally like to increase my due to all Volvo Automobiles workers for the unimaginable progress we’ve got made collectively previously 10 years — for not solely making Volvo one of many quickest rising and most trusted premium automotive manufacturers, however for all the time innovating and main with objective.”