Gothenburg, Sweden – Olof Persson is to take over as CEO at Volvo Trucks. He will replace Leif Johansson, who will retire this summer after 14 years in charge of the series truck maker.
Persson, who until now has run Volvo’s construction equipment business, said that he would look to improve growth and profitability. “My leadership style involves a lot of open communication and discussion but once a decision is made, I am very stubborn about delivering on it,” he said. Before joining Volvo in 2006, Persson worked at Bombadier and ABB.
Volvo currently ranks second in global truck sales behind market leader Daimler.