Skoda Boss Klaus Zellmer Named as New CEO of Volvo
The Swedish carmaker said Zellmer will take over as it reshapes its lineup and seeks to revive growth after revenue fell to SEK 77.7 billion.
- On Sunday, Volvo Cars appointed Klaus Zellmer as President and Chief Executive Officer, effective no later than October 1, 2027. Zellmer currently leads Skoda Auto.
- Current CEO Håkan Samuelsson will step down next year when his contract expires. Samuelsson told media, "I expect to remain until my contract expires in April."
- Volvo Car Chairman Li Shufu praised the incoming executive, stating, "Klaus Zellmer combines deep expertise in the automotive industry with extensive international leadership experience." The board expects a "seamless" transition.
- To navigate fierce competition, the company is reshaping its manufacturing network and adopting a regional approach. Volvo is deepening cooperation with its Chinese parent company, Geely.
- Volvo aims to double its global sales share of electric vehicles and plug-in hybrids from around 1.7% currently. The automaker is giving hybrids a larger role due to a slower-than-expected shift toward full EVs.
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79 Articles
Volvo Cars appoints Škoda chief Klaus Zellmer as CEO for a turnaround
Volvo Cars has appointed Klaus Zellmer, current chief executive of Volkswagen's Škoda brand, as its next president and CEO, handing him the task of completing a turnaround at a carmaker whose shares have fallen by around 40% this year.
Volvo Cars is entering a new chapter in its history by announcing that industry veteran Klaus Zellmer will take the helm as its next President and CEO. Currently head of Skoda at Volkswagen Group, Zellmer brings more than three decades of solid management experience in both the mass-produced and premium luxury segments, having previously led Porsche's North American division and been responsible for global sales and marketing of Volkswagen passe…
In the crisis Volkswagen could use creative and assertive top managers well. One of the best is now off board.
Reformatorisch Dagblad
Swedish carmaker Volvo Cars has appointed a new top executive who is moving from Skoda. The head of the Czech car brand, Klaus Zellmer, will become the new Chairman of the Board of Volvo Cars and successor to outgoing CEO Håkan Samuelsson.
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