Håkan Samuelsson has been reinstated as President and Chief Executive Officer (CEO) by Volvo Cars’ Board of Directors following the departure of Jim Rowan, who served as CEO from 2022 to March 31, 2025.
The automaker announced in a statement on March 30, 2025, that Håkan will serve a two-year term, starting April 1, 2025. This decision aims to ensure stability while preparing to appoint a long-term successor.
“As we accelerate our transformation toward intelligent electrification and sustainable growth, strong leadership is key. To guide this next chapter, the Board of Directors has appointed Håkan Samuelsson as CEO of Volvo Cars. With his deep experience and vision, Håkan is the right leader to drive Volvo Cars forward, strengthening our innovation in safety, sustainability, and technology while creating lasting value for our customers and shareholders,” said Eric Li, Chairperson of the Board.
Mr. Li welcomed Samuelsson back as CEO, highlighting that Håkan had previously led Volvo Cars through one of its most transformative and value-creating decades. During this period, he revitalized the brand, expanded into new markets, and successfully executed its IPO.
“Håkan Samuelsson brings a rare combination of industrial depth, strategic clarity, and proven leadership. As the industry enters an even more complex phase, the Board believes his experience and steady hand are exactly what is needed to strengthen Volvo Cars’ global position and unlock its next wave of potential,” the Chairperson added.
In his acceptance speech, Samuelsson said, “The car industry is under pressure from many directions. I’m honored to return at such a defining moment for Volvo Cars. I have deep respect for the challenges ahead and look forward to working with our talented team to sharpen our competitiveness, meet the demands of key markets, and accelerate strategic execution with a focus on leadership development.”
Mr. Li, on behalf of the Board, also expressed gratitude to Jim Rowan for his leadership over the past three years, which accelerated Volvo Cars’ transition into a software-led, connected car company. “We are grateful for his efforts during a time of significant change. We look forward to building on this foundation with renewed focus and industrial momentum,” he added.
For his part, Jim Rowan expressed his gratitude for the privilege of leading Volvo Cars. “I wish everyone at Volvo Cars continued success as the journey continues,” he said.
Håkan Samuelsson served on the Volvo Cars Board from 2010 and as CEO from 2012 to 2022. During his tenure, Volvo Cars was repositioned as a global premium automotive brand and publicly listed. Subsequently, he served as Chairperson of Polestar until 2024.
Håkan Samuelsson is set to be proposed as a new member of the Volvo Cars Board at the upcoming Annual General Meeting.
