Following Volvo Cars IPO in 2021, the company now has a new CFO to take over the reins.
In the premium segment, Volvo Cars has been exemplary in the last half decade. While still far from toppling German giants like BMW and Mercedes-Benz, the Sino-Swedish carmaker has been chipping away at market share over the years. The company just went public last year with CFO Björn Annwall watching over finances from April 2021 after their last CFO Carla De Geyseleer stepped down for personal reasons.
Now, the company have appointed a new CFO – Johan Ekdahl. Ekdahl has been with the company since 2015 and has led the company’s global accounting and group reporting since 2017.
“Johan is a strong leader who combines financial expertise with in-depth knowledge of our business. His background and experience will be crucial in his role as CFO to help us accelerate towards our strategic ambitions and become a fully electric carmaker by 2030”, said Jim Rowan, President and Chief Executive of Volvo Cars.
Johan is well qualified with a master’s degree in Business and Economics from Gothenburg University. He also has experience as an authorised auditor at EY.
“Our financial position is solid, and we are well equipped to achieve our strategic ambitions. Finance plays a key role on that journey, and I look forward to continuing working with the great Volvo Cars team to drive our sustainable and profitable growth” said Johan Ekdahl, CFO at Volvo Cars.
About Volvo Cars
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars’ head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden.
Volvo Cars’ head office for APAC is located in Shanghai and for Americas in Mahwah, NJ. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China).
Under its company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars, half of its sales to be online and half of its software to be in-house. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
