Volvo Cars CEO Håkan Samuelsson extends contract

Volvo Cars has extended the contract of Chief Executive and President Håkan Samuelsson by another two years to 2022. The extension provides the company with management continuity as it seeks to continue to transform itself into a global and diversified mobility service provider.
“I have enjoyed leading this company tremendously so far and I look forward to continuing the transformation of our company,” said Samuelsson.
Since Samuelsson became CEO in October 2012, Volvo Cars has undergone a complete transformation. The carmaker said this has established the company as a strong competitor in the premium segment with a completely new range of premium models based on in-house developed platform, powertrain, safety and infotainment technologies.
“The industry is changing and so are the expectations of our customers. We need and want to answer those demands,” said Samuelsson. “Our course for the coming years is to turn our disruptive ambitions into a concrete reality. Our transformation is not over and in the Volvo story there is a lot more to come.”
Several years of record sales and profits, as well as numerous prestigious awards and recognitions for its cars and technologies, confirm that the company’s strategy works and that Volvo Cars is now on a firmer footing than it has ever been in its history, the company said.