Volvo Cars
has appointed Björn Annwall as chief financial officer, effective 19 April
2021. He is the successor to Carla De Geyseleer, who has elected to step down
from her position for personal reasons.
Björn
Annwall has been a member of the executive management team at Volvo Cars since
joining the company in 2015. He has been head of the EMEA region since 2019,
during which Volvo Cars has markedly increased its market share in the region
thanks to strong plug-in hybrid and pure electric sales. These cars now
constitute 40 per cent of sales in the region and the company has also started
a move to online sales, together with its retail partners.
Prior to
leading EMEA, Björn Annwall led Volvo Cars’ commercial operations division and
corporate strategy, following his initial role leading marketing, sales and
service.
He joined
Volvo Cars from McKinsey & Co, the global management consultancy firm, where
he worked closely with Volvo Cars for five years and implemented a global
transformation programme following the acquisition of the company in 2010 by
Zhejiang Geely Holding, China’s leading privately-owned automotive group.
“I am
pleased to announce Björn as our new chief financial officer,” said Håkan
Samuelsson, chief executive. “He is a modern leader with broad experience of
Volvo Cars and deep strategic understanding of our rapid transformation. This
puts him in an excellent position to support the continued growth and financial
performance of our business. At the same time, I would like to thank Carla De
Geyseleer for her contribution to Volvo Cars’ continued success and I wish her
all the best in her future endeavours.”
Commenting
on his appointment, Björn Annwall said: “I am deeply honoured to have been
appointed as the CFO of Volvo Cars and excited about the task ahead. There is a
great momentum within the company and we are in the middle of an industry-wide
transformation where we have the ambition to be the fastest transformer. I
keenly look forward to working with colleagues and partners in driving
sustainable and profitable growth for the company.”
Carla De
Geyseleer has elected to step down from the role of chief financial officer for
personal reasons. Through a tumultuous 2020, she successfully steered the
company’s finances, contributing to a strong recovery from the Covid-19
pandemic and a record performance in the second half year.
Carla De
Geyseleer also made great strides in aligning the company’s financial strategy
with its overall sustainability ambitions.
In
September of last year, Volvo Cars established a Green Finance Framework, which
allows it to fund its ambitious climate plan and electrification strategy by
issuing green bonds or obtaining green loans. Later that month it successfully
placed its first green bond, raising EUR 500 mln.
Arek
Nowinski, currently managing director of Volvo Car Poland and head of products
for EMEA, will take over as head of EMEA and become a senior vice president,
reporting to Lex Kerssemakers, head of global commercial operations.
As a Volvo
Cars veteran with 17 years of experience working with the company, Arek
Nowinski brings extensive knowledge both from leading a national sales company
and working on core strategic projects in the headquarters.
Fr:
Source: Volvo Cars.
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