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.