Olof Persson was recently appointed as the new President of AB Volvo and Chief Executive Officer of the Volvo Group by the board of Directors of AB Volvo. He is currently President of Volvo Construction Equipment. Olof Persson will assume his new position on September 1st when Leif Johansson retires. As of May 1, he will become Executive Vice President and deputy CEO, working parallel with Leif Johansson.

Olof Persson is no stranger to Volvo.  In 2006, he was appointed President of Volvo Aero and he also became a member of the Volvo Group Executive Committee. He then served as President of Volvo Construction Equipment from 2008 – 2011. 

While reflecting on his new position in a recent press release Olof Persson said, “Naturally, it is both an honor and a challenge to be provided with the opportunity to lead Sweden’s largest company. Volvo is a company with tremendously knowledgeable and committed employees, with a unique culture and with many strong and exciting brands and I am truly looking forward to the task.”

Olof Persson, 46, lives with his family in Brussels, Belgium.