Volvo Cars has appointed Björn Annwall as Chief Financial Officer, effective 19 April 2021. He is the successor to Carla De Geyseleer, who has elected to step down from her position for personal reasons.

Prior to leading EMEA, Björn Annwall led Volvo Cars' commercial operations division and corporate strategy, following his initial role leading marketing, sales and service.

He joined Volvo Cars from McKinsey & Co, the global management consultancy firm, where he worked closely with Volvo Cars for five years and implemented a global transformation programme following the acquisition of the company in 2010 by Zhejiang Geely Holding, China's leading privately owned automotive group.

'I am pleased to announce Björn as our new Chief Financial Officer,' said Håkan Samuelsson, Chief Executive of Volvo Cars. 'He is a modern leader with broad experience of Volvo Cars and deep strategic understanding of our rapid transformation. This puts him in an excellent position to support the continued growth and financial performance of our business. At the same time, I would like to thank Carla De Geyseleer for her contribution to Volvo Cars' continued success and I wish her all the best in her future endeavours.'

Commenting on his appointment, Björn Annwall said: 'I am deeply honoured to have been appointed as the CFO of Volvo Cars and am excited about the task ahead. There is a great momentum within the company, and we are in the middle of an industry-wide transformation where we have the ambition to be the fastest transformer. I keenly look forward to working with colleagues and partners in driving sustainable and profitable growth for the company.'

Carla De Geyseleer also made great strides in aligning the company's financial strategy with its overall sustainability ambitions.

In September of last year, Volvo Cars established a Green Finance Framework, which allows it to fund its ambitious climate plan and electrification strategy by issuing green bonds or obtaining green loans. Later that month it successfully placed its first green bond, raising EUR 500 mln.

Arek Nowinski, currently Managing Director of Volvo Car Poland and Head of Products for EMEA, will take over as Head of EMEA and become a senior vice president, reporting to Lex Kerssemakers, Head of Global Commercial Operations.

As a Volvo Cars veteran with 17 years of experience working with the company, Arek Nowinski brings extensive knowledge both from leading a national sales company and working on core strategic projects in the headquarters.

Photo credit: Volvo
posted on conceptcarz.com

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