Filed under: Hirings/Firings/Layoffs, Volvo
http://o.aolcdn.com/dims-shared/dims3/GLOB/crop/759x997+0+0/resize/250x328!/format/jpg/quality/85/http://hss-prod.hss.aol.com/hss/storage/adam/ff7f40d91227b70a7a2aea062e5ed1c6/134056_1_5.jpgVolvo announced today that it has named Tony Nicolosi, president and CEO of Volvo Car Financial Services VCFS), as the new CEO of Volvo Cars of North America (VCNA). Nicolosi replaces John Maloney, who chose to leave due to family obligations after Volvo offered him a position in Europe.
Volvo says Nicolosi will remain president and CEO of VCFS while he assumes VCNA’s top position. The Swedish automaker also says a “permanent successor [to Maloney] as President and CEO will be the subject of a later announcement.”
The move comes as part of a management shakeup that’s part of a “larger transformation taking place at Volvo,” the automaker says.
Volvo’s sales in the US have slumped seven percent this year, Automotive News reports](Volvo names new U.S. chief in shakeup to boost sales, marketing - Automotive News), despite an expanding market following the 2008-09 recession. It’s ultimately up to Nicolosi to implement a plan to boost sales here. Alain Visser, Volvo’s senior vice president for marketing, sales and customer service, reportedly says Nicolosi, as CEO of VCNA, will be a dealership contact crucial to running the US business.
Volvo also announced today that Greg Swetoha, VCNA’s executive vice president of sales operations, chose to leave the company as well.
Head on below for the full press release.
Continue reading Tony Nicolosi named CEO of Volvo Cars North America
Tony Nicolosi named CEO of Volvo Cars North America originally appeared on Autoblog on Fri, 04 Oct 2013 08:00:00 EST. Please see our terms for use of feeds.
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