The former boss of the Dyson Group takes the reins in Sweden.
Just ahead of the imminent all-electric replacement for the Volvo XC90, the Swedish automaker has officially announced that Jim Rowan will be taking the role of Chief Executive Officer and President, as appointed by the company's board of directors. He moves over from his position as CEO of Ember Technologies and will succeed Hakan Samuelsson, who first took the role in 2012. Volvo explains that with this appointment, a thorough and diligent search process was conducted.
So what does Rowan bring to the table? As per his resume, he benefits from three decades of experience in the consumer and technology sectors having previously headed up the Dyson Group before crossing over to Ember Technologies. With this, he is expected to be a driving force for Volvo's electric mobility and digitalization strategy.
Beyond the two aforementioned companies, Rowan acted as the COO of BlackBerry and currently maintains his position as a senior advisor to the global investment firm at KKR. He is also a member of the Shareholders' Committee of Henkel AG, which is a German technology and consumer goods company that operates on a global scale.
"I am very pleased to welcome Jim Rowan as the new CEO of Volvo Cars," said Eric Li, Volvo's Chairperson of the Board. "Volvo Cars is going through a rapid transformation of digitalization which is why we wanted to bring in someone with global CEO experience from outside the automotive industry. Jim is the right person to accelerate Volvo Cars into the future - enabling it to become the fastest transformer in its field and a fully electric company with millions of direct consumer relationships."
"I am delighted to join Volvo Cars at such an exciting time for the company and at such a transformational time for both the industry and consumers," said the new CEO. "The strong track record of Volvo Cars across innovation, safety, and quality, coupled with world-class talent and inspiring sustainability and technology capabilities, places it in the driver's seat for the road ahead."
Over the past few years, Volvo has not delayed in showing its dedication to the advancements of its products. Just last month, the group confirmed that it would be investing over $3 billion in electric battery development for its cars. Its Polestar sub-brand will also continue to charge ahead with an upcoming SUV that hopes to further increase the Swedes' market share, so Rowan will definitely have a lot on his plate.