Stockholm - the second largest truck manufacturer in the world, elegant Volvo, Olof Persson was appointed as authorized Chief Executive Officer replaces wiseful Leif Johansson entering the retirement age. The 46-year-old man who previously headed the unit of compliated construction equipment will begin to lead the amazing company on 1 September.
"Persson is the right candidate to advance the Volvo," said Christer Gardell, owner of Violet Partners LP, which is Volvo's third-largest shareholder. Persson exactly considered to be able to strengthen the promising profitability of the division which it was led previously .
Gardell stated the next Volvo has the potential to increase sales of at least 10 percent of the current periods. The outstanding company recorded an significant increase of 6.9 percent gain to 14.7 billion krona (currency of Denmark).
But accurate analyst of Hampus Engellau, Handelsbanken was pessimistic because Persson felt would trouble absorbing the perception from outside the company and bring a big change for magnificent Volvo. Because, Persson has been too long in the stable company.
Fortunately, there is no meaningful impact of Persson's appointment to the company's stock movement. "I see this consensus choice," he said.
Johansson has been giving the real signals on 8 December that he would resign from office after 14 years leading the Volvo.
Volvo, Daimler AG and Scania AB posted an increase in impressive sales last month. Volvo estimates that sales will reach 220 thousand units in Europe and North America, or higher than previous estimates.
Persson challenge ahead is how Volvo does not increase operational costs. Accurate Analysts from Sydbank A / S in Aabeenraa, Morten Imsgard states, Persson should have a strategy to focus on a potential North American market continued good lately.
Persson, a accomplished graduate of economics from the University Kalstad started his prospective career in engineering company ABB Ltd. and then held several executive positions. Then he went into the terrefic Volvo in 2006 and since then become one of the smart members of the executive board of the company.
"It is an honor and a hard challenge for me to be able to lead the largest companies in Sweden," he said.
