Volvo CEO Jim Rowan has made sweeping changes to his leadership team, naming two deputy CEOs and moving four of the 11 executives off the automaker's highest management tier, as Volvo gears up to become an electric-only brand by 2030.
It is Rowan's biggest personnel move made thus far. The former Dyson Group executive succeeded longtime CEO Hakan Samuelsson in March.
The executives gaining promotions are Bjorn Annwall and Javier Varela.
Annwall, who is Volvo's chief financial officer, will become deputy CEO and chief commercial officer. In his second role Annwall succeeds Lex Kerssemakers, who will retire this year and move into an advisory role, joining a newly formed board below Volvo's top-level executive management team.
Annwall was named Volvo's chief financial officer last April and played a key role in the automaker's stock exchange listing last October.
Prior to serving as CFO Annwall was Volvo's head of the Europe, Middle East…