Volvo Cars appoints Klaus Zellmer as new CEO
Volvo Cars has appointed former Skoda chief Klaus Zellmer as its new president and CEO to help revive slumping sales and navigate market challenges. He will take over the role no later than October 2027, succeeding Hakan Samuelsson.
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Volvo Car AB-B named Klaus Zellmer as its next chief executive officer on Sunday, setting a late-2027 start date to revive margins in Sweden. The premium automaker is combating slumping demand in China and new tariffs in the United States. Shares have fallen more than 45% so far this year amid higher development costs.
