Hans Oscarsson to become Volvo CFO starting August 1

Article by Anita Panait, on June 21, 2013

Hans Oscarsson will become Volvo Cars’ new chief financial officer effective August 1, 2013, the carmaker disclosed in a statement. Oscarsson will be replacing Jan Gurander, who is stepping down from the post. He is currently the carmaker’s deputy CFO.  Oscarsson started working at Volvo in 1990, serving as a controller and CFO at Volvo's national sales companies.

He also has held a number of important roles like being the carmaker’s temporary CFO in 2010 to 2011, when Oscarsson played a key role during Zhejiang Geely's acquisition of Volvo from Ford Motor Co.

Volvo chief executive Hakan Samuelsson said in the statement that Oscarsson's broad experience at the carmaker and his “efforts during different phases of the company's history” makes him highly suitable to become Volvo’s next finance chief.

Gurander is the latest of Volvo’s senior executives that left the carmaker since Samuelsson replaced Stefan Jacoby as its CEO in October 2012. Before him were Doug Speck, former marketing and sales chief, and Axel Maschka, former head of purchasing.

Speck was replaced by Alain Visser, former sales and marketing chief at Opel. Maschka's post, meanwhile, was integrated into a global purchasing and manufacturing role now played by Lars Wrebo. Gurander was credited with making necessary changes to enable Volvo meet the financial reporting and controlling requirements expected of an independent company.

"During his more than two years at Volvo Cars, Jan has created the conditions for long-term stability amidst a complex environment, and we thank Jan for his excellent efforts," says Håkan Samuelsson, President and CEO of Volvo Cars. "We now have a finance function that guarantees ongoing continuity."

Topics: volvo

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