Volvo Cars appoints Hakan Samuelsson as CEO and President

The Board of Directors of Volvo Cars has appointed Hakan Samuelsson as Chief Executive Officer and President. He will serve a two-year term, starting April 1, 2025. This ensures stability while preparing to appoint a long-term successor, the company announces.

Hakan Samuelsson served on the Volvo Cars Board from 2010 and as CEO from 2012 to 2022. During his leadership, Volvo Cars was repositioned as a global premium automotive brand and publicly listed. Subsequently, he served as Chairperson of Polestar until 2024.

“We are very pleased to welcome Håkan Samuelsson back as CEO,” said Eric Li, Chairperson of the Board. “Hakan led Volvo Cars through one of its most transformative and value-creating decades — revitalising the brand, expanding into new markets, and successfully executing its IPO. He brings a rare combination of industrial depth, strategic clarity, and proven leadership and Håkan has a broad knowledge of our group. As the industry enters an even more complex phase, we believe his experience and steady hand are exactly what is needed to strengthen Volvo Cars’ global position and unlock its next wave of potential.”

“The car industry is under pressure from many directions. I’m honored to return at such a defining moment for Volvo Cars. I have deep respect for the challenges ahead and look forward to working with our talented team to sharpen our competitiveness, meet the demands of key markets, and accelerate strategic execution and focus on leadership development,” said Hakan Samuelsson.

Jim Rowan, who has served as CEO since 2022, will step down on March 31, 2025, and leave the Volvo Cars Board on the same date.