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Volvo names Lundstedt to replace Persson

2015-04-22 11:01:26| Appliances - Topix.net

Volvo AB, under shareholder pressure to boost profit margins, replaced Olof Persson as chief executive officer with Martin Lundstedt, the top executive at rival truckmaker Scania AB. Jan Gurander, Volvo's chief financial officer, will serve as president and CEO in the interim until Lundstedt assumes the position in October, the Gothenburg, Sweden-based company said in a statement on Wednesday.

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