Volvo Cars Brings Back Veteran Håkan Samuelsson as CEO

Former Chief Returns to Lead Swedish Carmaker Through Next Growth Phase

Stockholm, Sweden – In a major leadership shakeup, Volvo Cars has announced the return of Håkan Samuelsson as CEO, bringing back the industry veteran who previously led the company through a decade of innovation and electrification.

Samuelsson, who served as Volvo’s CEO from 2012 to 2022, played a pivotal role in transforming the brand into an electric vehicle (EV) leader and expanding its global market presence. His return signals Volvo’s renewed commitment to sustainable mobility and digital transformation as competition in the EV market intensifies.

A Trusted Leader in Changing Times

With the automotive industry facing supply chain challenges, EV competition, and software-driven innovations, Volvo aims to leverage Samuelsson’s expertise to navigate its next chapter. His leadership saw the successful launch of models like the XC40 Recharge and a bold pledge to make Volvo fully electric by 2030.

Looking Ahead

Samuelsson’s return comes as Volvo accelerates its EV rollout and autonomous driving technology, aiming to strengthen its position in the premium car segment. His leadership is expected to reignite innovation, streamline operations, and reinforce Volvo’s commitment to safety and sustainability.

“I am honored to return and help steer Volvo into an exciting future,” Samuelsson stated. “Our vision remains clear: to lead the transformation towards a fully electric and sustainable automotive industry.”

Volvo’s stock surged following the announcement, reflecting investor confidence in Samuelsson’s ability to drive the company forward.