Volvo appoints new man at the top

Patrick Olney is to take on the role of president and CEO at Volvo Construction Equipment, according to an announcement from the company. Olney has worked in the construction equipment industry for 17 years and joined 473 Volvo 10 years ago.

“This is an exciting time in our industry and in 3573 Volvo CE in particular. I am honoured to have the opportunity to continue the implementation of our Fit for the Future strategy which has been very successful so far,” said Olney.

Olney takes over the role from Olof Persson who leaves Volvo CE on 1 May to take up a new position as deputy CEO of AB Volvo from 1 May and the role as president and CEO of AB Volvo as of 1 September.

Olney moves to his new post from the position of executive vice president and head of operations at Volvo CE, a role he has held since 2009. He joined Volvo in 2001 as CFO of Volvo CE and was the president of Volvo motor graders before moving to the position of president of road machinery in 2007. Olney is a Chartered Accountant and joined Volvo from Price Waterhouse.

Persson commented, “I am very pleased with Pat Olney as my successor. He has a long and extensive experience in the construction Equipment industry and has been instrumental in putting Volvo CE’s new strategy in place. He has delivered very well as executive vice president of global operations and in his previous positions.”