Overview

• Håkan Samuelsson, who previously led Volvo for a decade, returned as CEO on April 1, 2025, replacing Jim Rowan.
• The decision was driven by strategic differences, with Rowan resisting deeper integration with Geely's China-focused network.
• Geely, Volvo's majority shareholder with nearly 79% of the company, played a decisive role in the leadership change.
• Volvo's Q1 2025 financial performance showed a 12% revenue decline and a slim 2.3% operating margin, increasing pressure for a turnaround.
• Samuelsson is tasked with aligning Volvo more closely with Geely's multi-brand ecosystem to improve synergies and financial outcomes.