Overview

• Håkan Samuelsson, Volvo's CEO from 2012 to 2022, has been reappointed for a two-year term, replacing Jim Rowan, who stepped down after three years in the role.
• The leadership change reflects Volvo's focus on experienced leadership to tackle slower-than-expected EV adoption and postponed 2030 all-electric goal.
• Volvo Cars faces operational hurdles, including U.S. tariffs, EU regulations, and weak EV demand, which have impacted production and profitability.
• Geely, Volvo's majority owner, is undergoing restructuring and faces scrutiny over governance issues, adding complexity to the automaker's challenges.
• Volvo's stock has fallen nearly 70% since its 2021 IPO, despite achieving record sales and profits last year, highlighting investor concerns.