The Volvo Group is to re-organise its truck operations into regional rather than brand units.
Having previously been divided into four different brand companies, Volvo Trucks, Renault Trucks, Mack Trucks and UD Trucks, marketing, sales and brand responsibility for the truck companies will now be conducted in three new geographic, organisational units reporting directly to CEO Olof Persson.
Go deeper with GlobalData
All product development and production of trucks and engines will be placed in two new central units under the CEO.
Persson said: “We are doing this to achieve a more agile and efficient organisation with greater focus on our customers and brands. The Volvo group has seen fantastic development in the past decade and has grown into a truly global and leading player, particularly in the areas of heavy trucks, construction equipment and diesel engines.”
He added: “But a company’s work is never done and it is now time for the next step, using improved coordination between our truck companies and our development and production units to achieve even more distinct and better focus on our customers and brands.”
The new organisation will be in place from 1 January, 2012. Group trucks sales and marketing Americas (comprising all of North and South America) with global responsibility for the Mack brand will come under the leadership of Dennis Slagle, currently president of North American trucks.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEurope, the Middle East and Africa, with global responsibility for the Volvo and Renault brands, will be run by Peter Karlsten, currently president of Volvo Powertrain and chief technology officer for the group.
Asia and Pacific with global responsibility for the UD Trucks brand will be headed by Joachim Rosenberg, currently president of Asia truck operations.
Responsibility for the group’s various trucks joint venture companies will be organised in a new unit under Pär Östberg, currently responsible for trucks Asia.
Product planning, product development and purchasing for trucks and engines will be run by Torbjörn Holmstöm, currently president of Volvo 3P, while all production of trucks and engines and all logistic services will be placed in a new global production organisation headed by Mikael Bratt, currently group CFO.
Håkan Karlsson, currently president of buses, will become chairman of Aero, Buses and Penta and of a new business area, governmental sales. Karlsson will also be chairman of the board of Volvo Construction Equipment.
Anders Osberg, currently head of treasury, succeeds Mikael Bratt as new CFO and he will also be responsible for financial services and IT.
