Volvo goes back to car industry basics with surprise CEO switch

Hakan Samuelsson, left, is an auto industry veteran, unlike outgoing boss Jim Rowan (right), who joined Volvo from Dyson.

April 01, 2025 12:57 PM

STOCKHOLM — Volvo’s abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump’s tariff turbulence and a wobbly transition to electric cars, analysts and investors said.

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