Significant Changes in Volvo Group's Executive Leadership Team Announced
Changes in the Volvo Group Executive Board
The Volvo Group, a leader in sustainable transportation solutions, recently announced significant changes in its executive leadership team. Lars Stenqvist, who has been a key member of the Executive Board and served as the Group Chief Technology Officer (CTO) for nine years, plans to step down from his position. As Stenqvist transitions out, he will maintain an influential role within the organization as a senior leader focusing on advancing the Volvo Group’s commitment to sustainability and innovation.
Stenqvist's departure marks the end of an era where he played a substantial role in the company’s initiatives towards more sustainable transport technologies. During his tenure, he has been recognized as a pioneer in pushing the Volvo Group towards its goal of creating more environmentally-friendly transport solutions. Martin Lundstedt, the President and CEO of Volvo, emphasized Stenqvist’s invaluable contributions, stating, "Lars has been instrumental in the Group's positive development and a pioneer on the journey towards more sustainable transport. I deeply value the significant contributions he has made over the years."
Succeeding Stenqvist will be Jens Holtinger, a seasoned leader within the company who brings over 25 years of diverse experience at the Volvo Group. Holtinger is most notably known for his current role as Executive Vice President of Group Trucks Operations. His career has also encompassed oversight of truck manufacturing operations in both Europe and Brazil, as well as management roles in various truck production plants.
Lundstedt expressed confidence in Holtinger’s ability to guide the company, stating, "With his extensive experience across the entire value chain, Jens will bring valuable perspectives that support our continued focus on innovation and operational excellence." Holtinger's leadership is seen as crucial at a time when the company seeks to navigate the evolving landscape of the transport industry, particularly as demands shift toward sustainable solutions.
The leadership transition will officially take effect on September 1st, 2025, setting the stage for Holtinger to lead the company into its next chapter focused on continued innovation and customer-centric solutions. The Volvo Group maintains its strong commitment to addressing the pressing challenges of sustainable transport, positioning itself as a forward-thinking leader in the industry.
Founded in 1927, the Volvo Group is headquartered in Gothenburg, Sweden, employing over 100,000 individuals while serving nearly 190 markets around the globe. The company is known for its commitment to delivering exceptional trucks, buses, construction equipment, and various power solutions for marine and industrial applications. In 2024, the reported net sales reached SEK 527 billion (EUR 46 billion), reflecting the Group's robust market position and growth potential.
As the Volvo Group embarks on this new phase in leadership, the focus remains on innovation and sustainability – shaping a future where transport solutions contribute positively to society and the environment. The extensive experience that Jens Holtinger brings to this role provides a solid foundation for the Group's continued success and adaptation to changing market dynamics.
For further inquiries, journalists can reach out to Claes Eliasson, Head of Media Relations. For regular updates on the Volvo Group’s initiatives, strategies, and commitments, it is encouraged to follow their official LinkedIn page or visit their website at volvogroup.com.