Volvo Cars CEO Håkan Samuelsson’s contract extended to 2022
Volvo Cars has extended the contract of chief executive and president Håkan Samuelsson by another two years to 2022. The extension provides the company with management continuity as it continues to transform itself into a global and diversified mobility service provider.Read Now
"I have enjoyed leading this company tremendously so far and I look forward to continuing the transformation of our company," said Håkan Samuelsson.
Since Samuelsson became CEO in October 2012, Volvo Cars has undergone a complete transformation. This has established the company as a strong competitor in the premium segment with a completely new range of premium models based on in-house developed platform, powertrain, safety and infotainment technologies.
In the coming years, Samuelsson and Volvo Cars will seek to continue their upward trajectory by capitalising on and leading the disruption currently underway in the industry. This ambition is reflected in a new set of longer term ambitions that Volvo Cars announced earlier this year, which focus on establishing a leading position in electrification, autonomous drive and new models of car ownership and access.
Under the umbrella of its new company mission Freedom to Move, Volvo Cars aims to offer a wide range of additional safe, personal and sustainable mobility services rather than merely selling cars to end consumers. By the middle of the next decade it expects to generate half of all annual sales from fully electric cars, while one-third of all cars are expected to be autonomous. It also aims to offer half of all cars to customers via subscription.
Volvo Cars anticipates this approach will transform its connection to its customer base and help it establish over 5 million direct consumer relationships by 2025. This will also offer the company far greater potential to develop connected and other services around the car to its customers.
These ambitions will be instrumental in further establishing the group structure, which comprise Volvo Cars and related businesses, such as its car subscription service Care by Volvo, its new mobility company M, its electric performance arm Polestar as well as sizeable stakes in new Chinese car brand LYNK & CO and autonomous software company Zenuity.
Synergies and shared development costs with these and other affiliated companies are expected to further boost the company's financial performance and help to generate premium level profitability.
"The industry is changing and so are the expectations of our customers. We need and want to answer those demands," said Samuelsson. "Our course for the coming years is to turn our disruptive ambitions into a concrete reality. Our transformation is not over and in the Volvo story there is a lot more to come."
Dr. Christian Dahlheim to head VW Group Sales
Dr. Christian Dahlheim, currently Member of the Board of Management of Volkswagen Financial Services AG with responsibility for Sales, has been appointed Head of Group Sales effective October 1, 2018.Read Now
He succeeds Fred Kappler, who is taking retirement. The Chairman of Volkswagen Financial Services AG, Lars Henner Santelmann, will assume responsibility for Dahlheim's current function in addition to his own duties.
Volkswagen Board Member for Human Resources, Gunnar Kilian, said: "Fred Kappler has held numerous positions of responsibility in the Volkswagen Group for decades. We would like to thank him for so many years of exceptional achievements, particularly in Sales." The Chairman of Volkswagen Financial Services AG, Lars Henner Santelmann, commended Dahlheim's achievements: "Christian Dahlheim has been instrumental in driving digitalisation and the growth strategy forward at Volkswagen Financial Services AG. The company is fit for the future and will systematically continue its digitalisation efforts."
Dr. Christian Dahlheim (49) has a Master's Degree in physics and also holds an MBA. After various professional appointments, he joined the Volkswagen Group in 2005, holding various management positions at Volkswagen Financial Services AG, including Head of Corporate Development, Regional Manager and, from 2014, as President and CEO of Volkswagen Credit Inc. in the USA. Dahlheim was appointed Member of the Board of Management of Volkswagen Financial Services AG with responsibility for Sales and Marketing with effect from January 1, 2016.
Fred Kappler (60) studied business science and joined Volkswagen in 1982. He held various responsibilities in the export section of Sales at Volkswagen AG from 1983. He moved to China as First Vice President & CFO of FAW Volkswagen in 1997. Kappler was appointed Head of Sales Germany for the Volkswagen brand in 2000, Board Member for Sales at Škoda Auto in 2004, Head of Sales Volkswagen Genuine Parts in 2009 and additionally Head of Group Services in 2011. He has headed Group Sales since February 2016.
FAW names Giles Taylor as Global Vice President of Design and Chief Creative Officer
FAW announced that Giles Taylor formally joined the corporation as the “Global Vice President of Design and Chief Creative Officer (CCO)”. Taylor previously held the position Director of Design for Rolls-Royce Motorcars, UK.Read Now
In joining FAW, he will be chiefly responsible for creating design strategies and unique style concepts for the FAW luxury brand Hongqi. As well as establishing an FAW design development system he will oversee the infusion of internationalised design philosophies into the complete range of FAW products including autonomous passenger cars.
Taylor will be located in Munich, Germany. He will lead the establishment of a new FAW Advanced Design Centre in Munich, housing a globalised high-end design team. The Centre will principally undertake project work for the Hongqi brand including both forward-looking concepts and production projects.
Taylor, a master's graduate in 1992 from the vehicle design discipline of the renown Royal College of Art in London, has rich experiences in super-luxury car design. He spent 13 years at British luxury marque Jaguar Cars during which time he held the position of Chief Designer for the current XJ saloon and XK sportscar launched in 2005.
In 2011, Taylor joined Rolls-Royce Motorcars where from 2012 he served as Director of Design up until now. He led the design of many successful cars including the drop-head Dawn, iconic Phantom VIII limousine and the recently launched Cullinan SUV. In 2016, his Rolls-Royce 103ex concept vehicle laid an extraordinary "autonomous luxury" vision beyond 2040.
Upon becoming a formal member of FAW Taylor said: "I am very much looking forward to embarking on an exciting new career path with FAW. Hongqi, as the oldest and most famous Chinese car brand, carries with it a deeply significant and diverse cultural history. There are many inspirational elements surrounding the marque with which to create fresh, modern vehicles for the new era. I look forward to working with the FAW Executive team to deliver this fascinating mission for Hongqi as well as exciting future products for FAW."
Xu Liuping, Chairman of FAW, welcomed Taylor's joining. He said: "Under the general trend of globalisation, China's auto industry is facing an excellent opportunity of setting not only a benchmark but also a precedent within the global auto industry. We need a more internationalised, specialised and diversified team with a more globalised mind and vision in order to deeply fuse China's rich high-level culture with other advanced global cultures, modern fashion designs, leading-edge science and technologies, including fine-grained emotional experiences into brilliant products and services."
Mathias Busse becomes the new CEO of Porsche Taiwan
Mathias Busse (43), previously Chairman of the Managing Board for the Porsche Centres in Hamburg, has taken office as the new CEO of Porsche Taiwan from September 1, 2018.Read Now
"With the extensive experience that he has gained within our sales organisation, Mathias Busse is well equipped to continue the successful development of Porsche in Taiwan", explains Detlev von Platen, Member of the Executive Board responsible for Sales and Marketing at Porsche AG.
Mathias Busse has been Chairman of the Managing Board for the Hamburg Porsche Centres since 2016; he was previously Managing Director of the Porsche Centre Hamburg Nord-West and Manager New and Used Cars Sales at the Porsche Centre Berlin.
His predecessor, Martin Limpert, is leaving the company of his own volition, having headed up the Taiwanese market since August 2017. In this role, he was responsible for founding the Porsche Taiwan subsidiary on January 1, 2018. Limpert was previously Managing Director of Porsche Asia Pacific in Singapore. He has held various sales positions at Porsche AG since 2008.
Volvo Cars appoints new members to the Board of Directors
Volvo Cars has appointed Michael Jackson and Jim Zhang as members of its Board of Directors.Read Now
Michael Jackson, based in Luxembourg, is currently a Board Member at AXA UK PLC, KNEIP Communications and Blockchain SA. He is also a partner at Mangrove Capital and has previously held executive management positions at Skype and Tele2.
Mr Zhang, based in China, is the Founding Partner and Chairman of the Daotong Investment Fund and Forever Nature Capital Foundation. He has previously been the managing director of The Nature Conservancy North Asia and Chairman of Beijing Link Capital Co., Ltd. Mr Zhang has also been president and CEO of Asiainfo and SVP and CMO of Ericsson China."
Mr Jackson and Mr Zhang will strengthen Volvo Cars' Board of Directors with their broad international professional experience.
After the above changes the Board of Volvo Cars consists of the following members: Li Shufu, Chairman, Lone Fønss Schrøder, Vice-chairman, Håkan Samuelsson, President & CEO, Winnie Kin Wah Fok, Daniel Li, Carl-Peter Forster, Betsy Atkins, Tom Johnstone, Michael Jackson, Jim Zhang, Glenn Bergström, Jörgen Olsson, Marko Peltonen.
Bernd Martens becomes Board Member at Audi for Procurement and IT
Audi AG has named Bernd Martens as Board Member for Procurement and IT, effective September 1, 2018.Read Now
After obtaining his Abitur (high-school diploma), Martens studied Industrial Engineering at the University of Kaiserslautern, graduating as Diplom-Wirtschaftsingenieur (Univ.) in 1992.
He started his career in the Industrial Science and Labor Organisation department at Mercedes-Benz in Stuttgart. In 1995, Martens joined management consultancy Roland Berger in Stuttgart as Project Manager.
1997, he moved to Volkswagen do Brasil Ltda. as Head of Product Planning. He was appointed Director of Product Management in 1999, before moving to the role of Director of Procurement in 2002.
In 1998, he completed his doctorate, obtaining the title Dr. rer. pol. In 2005, Martens was appointed Head of Procurement, New Product Launches at Volkswagen AG.
On September 1, 2012, Dr. Martens joined the Board of Management of Audi AG and took over responsibility for the area of Procurement.