Volvo Cars CFO Johan Ekdahl has resigned after nearly a decade in the role and will be succeeded by his lieutenant, the automaker announced Thursday.
Fredrik Hansson, who has served as deputy CFO since 2023, was promoted to the CFO role effective Thursday, according to the announcement.
In a LinkedIn post, Ekdahl did not specify his future plans but noted he was moving on to new challenges. In the post, he reminisced about the company going public in 2021 and achieving record profits in 2023 and 2024.
“We’ve had some fantastic times together, and I'm proud to have played a part in achieving some major milestones in recent years,” he wrote.
Hansson’s appointment comes at a time of “challenging and fast-moving market conditions,” Håkan Samuelsson, CEO of Volvo Cars, said in a statement. Samuelson, who rejoined the automaker in his former role on April 1, believes Hansson is ready for the job.
“Fredrik's deep knowledge of the company, combined with his strategic understanding of the industry’s complexities, will be a valuable addition to the company’s executive management team,” Samuelsson said.
Hansson will help shape the company's financial strategy and oversee global controlling, treasury, accounting, tax, group reporting and corporate finance initiatives as well as investor relations, per the release.
Before joining Volvo Cars in August 2021 as head of global controlling and performance steering, he was a partner at McKinsey & Co.
Hansson in a statement said the automotive industry is in a pivotal time with increasing geopolitical complexity, adding that he’s ready “to help steer the company through the current challenging environment and strengthen our future.”
