Excessive-ranking Volvo Vehicles government Henrik Inexperienced, who till final 12 months was thought of a robust candidate to rise to CEO on the automaker, will depart the corporate on the finish of the month.
Inexperienced’s place, head of superior know-how and sustainability, will likely be dissolved and his duties will likely be distributed to different components of the enterprise.
Facets of his work associated to superior know-how will transfer into the R&D division, the corporate stated. That a part of the enterprise is led by deputy CEO Javier Varela.
Inexperienced’s work within the areas of charging and power administration will transfer beneath Volvo’s business group, which is headed by deputy CEO Bjorn Annwall.
Inexperienced’s sustainability duties will likely be overseen by Volvo CEO Jim Rowan, the corporate stated, which added that the strikes will assist simplify the automaker’s administration construction.
6 promotions in 8 years
Initially of 2022, Inexperienced, 49, was Volvo’s chief product officer, one of many many key titles he has held throughout practically 30 years with the corporate.
Throughout former CEO Hakan Samuelsson’s decade-long tenure as boss, Inexperienced was promoted six occasions inside eight years. His earlier posts included chief know-how officer and head of R&D.
After fathering Volvo’s profitable Drive-E engine line, he was promoted in 2011 to the manager administration group at Volvo China, the place he served two years as vp of product technique.
He joined Volvo’s prime board, the manager administration group, in 2016 as head of R&D. In 2019, he was promoted to chief know-how officer.
Inexperienced was named a 2019 Eurostar by Automotive Information Europe due to his work creating what Samuelsson known as the strongest automobile lineup within the firm’s historical past.
Below Inexperienced, the XC60 was named 2018 World Automotive of the Yr, the XC40 received the 2018 European Automotive of the Yr award, and Volvo turned a key participant within the plug-in hybrid and full-electric automobile sectors.
Change in plans
Inexperienced’s speedy stand up Volvo’s organizational chart ended a 12 months in the past when the corporate went exterior its inside ranks and selected former Dyson and Blackberry government Jim Rowan to succeed Samuelsson as CEO.
The primary outward signal that Inexperienced’s vertical trajectory had reached its peak got here in June when he was handed over for one of many two deputy CEO posts Volvo created, which went to Annwall, 47, and Varela, 58.
As well as, Inexperienced was certainly one of 4 individuals who had been moved off the manager administration group to a decrease tier known as the group administration group.
One other individual moved downward final June was Volvo Americas boss Anders Gustafsson, 54, who will likely be succeeded March 1 by Michael Cottone, 43, in response to Automotive Information Europe sister publication Automotive Information.
The change is a part of Volvo’s restructuring of its Americas enterprise, which incorporates spinning the U.S. and Canada markets right into a separate unit.
Michael Cottone, a 21-year Volvo veteran and Western Area vp, will take excessive job within the U.S. and Canada.
In a LinkedIn publish final week Inexperienced stated he had determined to “half methods with pals, colleagues, and an organization I really like and have beloved for greater than 27 years. Our paths will not circulation collectively 24/7 in the direction of all-electric, totally computerized trendy mobility flagships.”
He went on to say Volvo is headed towards “a tremendous future” and stated he anticipated to satisfy with Volvo colleagues “on our future journeys, at crossroads but to be found.”
He didn’t reveal the place his subsequent cease could be in his publish.