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Board of Directors of Volvo Cars appoints Jim Rowan as Chief Executive and President

Eden Project - Volvo

Jim Rowan will join Volvo Cars on 21 March 2022 as CEO and President. Jim is currently the CEO and board member of Ember Technologies, and previously Group CEO of the Dyson Group. He succeeds Håkan Samuelsson, who first joined Volvo Cars as a member of the board in 2010 and has held the role of CEO and President since October 2012.

This change follows a thorough and diligent search process to secure the continued strong leadership of Volvo Cars with a CEO who has a strong background in software, digital transformation and innovative consumer products, and the timing is in-line with the previously communicated extension of Håkan Samuelsson’s contract, which comes to an end in 2022.

Jim brings with him more than three decades of global experience in the consumer and technology sectors, delivering strong growth and profitability through transformation strategies and customer engagement. He has also worked extensively with digitalisation, disruption, innovation, engineering and supply chains, which will be valuable for the future of Volvo Cars to realise its strategic ambitions. He has worked with Ember as an investor, board member and its CEO since February 2021.

He served as CEO of the Dyson Group between 2017 and 2020, and as COO from 2012 to 2017, during which time he accelerated the company’s e-commerce strategy, launched new innovative products and grew its market share worldwide. Prior to Dyson, he was the COO of BlackBerry. He is currently a senior advisor to the global investment firm KKR and a member of the Shareholders’ Committee of Henkel AG, a German technology and consumer goods company, which operates worldwide.

“I am very pleased to welcome Jim Rowan as the new CEO of Volvo Cars. Volvo Cars is going through a rapid transformation of digitalisation, 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,” said Eric Li, Chairperson of the Board of Volvo Cars.