Volvo Cars announces today that Helen Hu has been appointed General Counsel and Chief Legal Officer, and Member of the Executive Management Team, from 1 February 2024.
Helen succeeds Maria Hemberg, who has been the company’s General Counsel and Chief Legal Officer since joining Volvo Cars in 2012. Helen is currently the Managing Director for Volvo Cars Switzerland. Helen has been with Volvo Cars since 2016, as part of the legal team under Maria Hemberg’s leadership. She has held senior roles in the APAC organisation, where she was a driving force in the business transformation.
Helen has a deep global experience; she has lived and worked in China and the US, and has been a resident in Europe since early 2023. Her background includes time as a lawyer and legal counsel within leading firms in the US and China, and regional general counsel for European-based multinational corporations.
Volvo Cars’ CEO Jim Rowan said: “We welcome Helen Hu as our new General Counsel and Chief Legal Officer, and to the Executive Management Team. Helen is a strong leader, bringing vast global experience and strong business acumen that spans the US, Europe and APAC. I look forward to working more closely with her on our exciting journey ahead.
“We also thank Maria for all her contributions during her almost 12-year tenure as General Counsel and Chief Legal Officer. Maria has played a crucial role at Volvo Cars during our company’s most pivotal years. Maria has successfully established Volvo Cars’ governance supporting our listing on the NASDAQ Stockholm and has developed high-performing teams within the areas of legal, compliance, intellectual property and corporate governance, which are all critical to our business today.”
Maria Hemberg will from February 1 enable a smooth transition and operate in a senior advisory capacity, reporting to our CEO Jim Rowan.
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Volvo Cars in 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 cars.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker "VOLCAR B".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2022, Volvo Cars employed approximately 43,200 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).
