Volvo replaces CEO, first quarter core profit tops forecast

April 22, 2015 5:27 AM

50 0

Volvo replaces CEO, first quarter core profit tops forecast

STOCKHOLM (Reuters) - Volvo (VOLVb.ST) said on Wednesday it had appointed the head of Volkswagen-owned Scania (VOWG_p.DE) as its new top executive, replacing the embattled Olof Persson who for nearly four years led a sweeping efficiency drive at the global truck maker.

Sweden's biggest company by sales and top private sector employer also released its first quarter results two days ahead of schedule and said it would look to bring in an external partner for parts of its IT business.

Also read: UPDATE 1-Industrial equipment hire firm Ashtead hikes annual results forecast

Read more

To category page

Loading...