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VOLVO Cars has announced a new executive management team after longtime COO and deputy CEO Javier Valera decided to leave the company.

In a statement, Volvo said Mr Valera has been a valued member of the executive management team since 2016 and has served as COO and deputy CEO since 2022, overseeing several significant milestones for Volvo Cars.

The company said that according to its ongoing succession planning and organisation design, the executive management team now consists of Erik Severinson as chief product and strategy officer, Anders Bell (chief engineering and technology officer), and Francesca Gamboni (chief supply chain officer).

Francesca Gamboni

All will report directly to Volvo Cars CEO Jim Rowan, who said he was delighted to welcome the three new executive management team members.

“This change will help us to flatten our structure in operations and elevate these important areas as we deliver on our technological and commercial transformation,” he said.

“At the same time, I would like to extend my sincere gratitude to Javier, who has decided to pursue new challenges outside of the company after almost eight years of immense contributions to Volvo Cars. We wish him and his family the very best in their future endeavours.”Mr Bell has served as head of engineering for Volvo Cars since 2022, leading car engineering, research and development across hardware and software, and safety.

Anders Bell

He brings with him 25 years of engineering experience in the automotive industry, including 18 at Volvo Cars and six years in senior positions at Tesla.

Mr Severinson joined the group management team in 2023 and has been Volvo Cars head of strategy and program management for engineering and operations since 2022.

He has been with Volvo Cars since 2004. In his new role as chief product and strategy officer, Mr Severinson will be responsible for company and product strategy, car program management, quality and sustainability.

Erik Severinson

Ms Gamboni joined Volvo Cars in 2023, bringing with her over 25 years of manufacturing, supply chain and procurement experience, mainly in the automotive sector including previous roles at Stellantis, Bosch and Renault-Nissan.

Volvo Cars head of manufacturing Geert Bruyneel will report directly to Mr Rowan and remains a member of the group management team. After the (northern hemisphere) summer, the manufacturing division will report to Ms Gamboni.

Mr Valera will step out of his role to prepare for his new opportunity with immediate effect.

Javier Varela

By Neil Dowling

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