Volvo Cars, the premium car maker, has appointed Björn Annwall as its new Senior Vice President of Marketing, Sales and Service.
He will replace Alain Visser, who has accepted a new position as vice president of global marketing and sales Geely Auto Group, the Chinese car company. Both Volvo Cars and Geely Auto are owned by Zhejiang Geely Holdings (ZGH).
Mr Visser will have special responsibility for overseeing the marketing and sale of cars built on Geely Auto’s Compact Modular Architecture (CMA), which will form the base for many of the soon-to-be-announced models Geely is planning for sale to international markets.
The changes will take effect on the 15th October 2015.
Mr Annwall joins Volvo from his previous position as a partner at McKinsey & Co, the management consultancy, where he has worked closely with Volvo for the last five years implementing a global transformation programme following its acquisition by ZGH in 2010.
“Volvo is at a very exciting juncture in its history. I am looking forward to helping the company further establish its position as a truly global premium car maker,” said Mr Annwall.
Mr Visser said: “To take on the challenge of building a global Chinese car brand represents the pinnacle of my career. It also feels special to stay within the Geely family after three years at Volvo.”
Volvo has an established reputation for being an intelligent, creative and bold car company, and enjoys a brand identity that means it can avoid blending in with the larger car industry cluster.
This means it has always taken a fresh and innovative approach to its marketing, something that will continue and develop under Mr Annwall.
Håkan Samuelsson, president and chief executive of Volvo Cars, said: “I am delighted to welcome Björn to Volvo and look forward to working with him as Volvo moves into the second phase of its development plan, which will move it towards its medium term ambition to increase annual sales to around 800,000 cars. I would also like to thank Alain for everything he has done to ensure Volvo’s ongoing transformation has been a success.”
Sales of Volvo Cars have hit a series of all- time highs in recent years and peaked last year at 465,866, up 8.9 per cent compared to 2013. The company has forecast that sales this year will be up to 500,000, another record high.
Mr Annwall will help Volvo implement the most comprehensive product revival programme in the company’s 88 year history.
It recently launched the new XC90 SUV, attracting over 65,000 pre-orders, far higher than the 50,000 it was expecting to sell this year.
It is also planning to completely renew its product range in the next four years. This will include new larger cars on its SPA modular architecture as well as a range of premium smaller cars based on its CMA architecture.
Volvo Car Group in 2014
For the 2014 financial year, Volvo Car Group recorded an operating profit of 2,252 MSEK (1,919 MSEK in 2013). Revenue over the period amounted to 129,959 MSEK (122,245 MSEK). For the full year 2014, global sales reached a record 465,866 cars, an increase of 8.9 per cent versus 2013. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 465,866 in 2014 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2014, Volvo Cars had over 26,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium) and Chengdu (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).