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Sweden-based Volvo Cars (OTC:VLVLY), majority-owned by Chinese automaker Geely, announced on Thursday the appointment of Fredrik Hansson as its new Chief Financial Officer (CFO). Hansson, who joined Volvo's management team in 2023, officially stepped into the role on April 25, 2025.
The transition comes as current CFO Johan Ekdahl departs the company. Volvo did not disclose specific reasons for Ekdahl’s exit but confirmed the leadership change through an official statement.
Hansson brings extensive financial experience to the position, having served in several key roles within Volvo prior to his promotion. His appointment comes at a pivotal time for the company as it continues to navigate the global shift towards electric vehicles (EVs) and sustainable mobility solutions.
Volvo Cars has been accelerating its electrification strategy, aiming to become a fully electric carmaker by 2030. The company’s focus on innovation, digital transformation, and global market expansion has put increasing importance on financial agility and strategic investment—areas where Hansson is expected to play a crucial role.
The automaker has seen increased pressure from industry competition and shifting consumer demand, making strong financial leadership essential. With Hansson stepping in, Volvo aims to strengthen its financial strategy and support its long-term vision in the evolving automotive landscape.
This leadership change underscores Volvo Cars’ commitment to evolving its executive team to align with future growth plans and financial performance goals.
Volvo Cars continues to trade on the OTC market under the symbol VLVLY, and remains one of the key players in the global transition to electric and sustainable transport.
