Li to Head Volvo Management

Zhejiang Geely Holding Group Co announced recently that its chairman Li Shufu will become chairman of the board at Volvo Car Corp.


Geely also named Volvo’s former chief executive Hans-Olov Olsson to the vice-chairman position.


Other board appointments at Volvo, including a new chief executive and a chief financial officer, will be announced later, said Geely. The Chinese automaker acquired the Swedish premium unit from Ford for $1.8 billion earlier this year.


 

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