Volvo Press release<p>Was Frederik Arp only in charge for three years??<p>I know it was Hans Olsson before that. He fought well to ensure that volvo and Ford worked together up to a point in platform development. After that, volvo was free to design the top hat and further develop the platform to their own standards. He was good for volvo, ensuring volvo wasnt swamped.<p>Arp has been good but it would be nice to see someone with a long history at volvo now in charge - prevents dilution of volvo values.<p>Seems Ford is now committed to keeping volvo instead of selling off volvo and loosing R&D projects, ideas and skilled volvo personnel to a competitor or an investor who would develop volvo to the point of damaging Ford's markets. Again, officially, Volvo is working more "on a standalone basis".....retaining their freedom to develop products without too much interference from Ford??<p>This contradicts the autocar report of Ford being even more involved in Volvo<p>ford seems to be getting more involved in product planning and strategy. That's good as you need a more bold approach getting volvo into new markets and out of their "comfort zone" of wagons and saloons only. Those models are here to stay though.<p>volvo more standalone... Ford trying to keep volvo for now, let current ideas from volvo (R&D) stay in the Ford stable until launched but then by volvo working more "standalone" they seem to be allowing for the possibility for volvo to be sold more easily in the future.<p>such a move would be the end of Ford. already, they are loosing out to the apparantly more premium VW group. Volvo is the missile they need with a premium character to take on VW and Audi (and others of course like Acura, Lexus etc) with Ford keeping its lower end of the market image. Try as they might, Ford has for too long been a cheap car and cannot really compete with VW.<p>Use volvo and the V30 to challenge the VW Golf...good move.<p>hopefully this means more new models from volvo and more daring approach to new markets and models. Once the recharge is launched, hopefully we'll see some more sporty models<p><br>Official release<p>Sep 02, 2008 ID:16810 <br> <p>--------------------------------------------------------------------------------<br> <br>Stephen Odell appointed President and Chief Executive Officer of Volvo Car Corporation<p> <p>Ford Motor Company today announced the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.<p> <p>Effective Oct. 1, Odell, 53, will be responsible for Volvo's global operations out of its headquarters in Gothenburg, Sweden, and lead the company's drive toward sustained profitability through continued restructuring and the accelerated development of high-quality, fuel-efficient and safe vehicles in the premium end of the market. <p>Odell, who has played a key role in Ford of Europe's resurgence as its chief operating officer, will report to Lewis Booth, executive vice president of Ford Motor Company and chairman of Volvo Car Corporation, who will continue to oversee the strategic direction of Volvo. <p>"Stephen Odell brings to Volvo a wealth of experience of strong leadership in the automotive industry," said Alan Mulally, president and CEO, Ford Motor Company. "Given his strong track record at Ford, Jaguar and Mazda, the time is now right for Stephen to take up this new challenge at Volvo. I believe that Stephen is the right person - together with Lewis Booth and the Volvo Cars Management Team - to take Volvo forward and to return the business to sustainable profitability." <p>Booth thanked Fredrik Arp for his leadership of Volvo over the past three years, a period in which Volvo reduced costs and strengthened its product lineup despite a difficult business environment and challenges presented by adverse currency exchange rates and other external factors.<p><br>"Fredrik has steered the Volvo team through some difficult times since joining the company three years ago. His wide experience in business has been a strong asset in helping to develop and implement Volvo's plan to improve its business results." <p>"Fredrik has decided that now is the right time to hand over to a new president and CEO, Stephen Odell, who will lead the Volvo team through the next stage of its recovery." <p>Odell said he is excited to lead Volvo at an important time in the company's history.<p>"Volvo is one of the great iconic automotive brands," Odell said. "The very attributes that make Volvo distinctively Swedish - its heritage of safety, environmental concern and its Scandinavian design -- appeal to customers around the globe. Our strategy is to enhance the premium nature of Volvo by further strengthening these attributes. Volvo really is the auto brand for today's customers."<p> <p>"We have a restructuring plan in place that will help to deliver a more competitive business and that enables Volvo to continue to build upon its core strengths. Volvo will adopt a more stand-alone approach within Ford Motor Company, while still leveraging product development and purchasing synergies with other Ford operations." <p> <p>Before he was appointed chief operating officer of Ford of Europe in April 2008 responsible for product development, manufacturing, purchasing, and marketing, sales and service operations, Odell served as Ford of Europe's vice president of marketing, sales and service for nearly three years. <p> <p>Prior to that, he held several senior level positions at Mazda Motor Corporation from 2000 to 2005. From 1997 to 2000, Odell was vice president, marketing and sales, Jaguar North America. Stephen Odell joined Ford of Britain in 1980 as a graduate trainee. A native of London, he is married with two children.<p> <p>For more information Volvo Car Corporation, please contact: <p>SVP Volvo Car Corporation, Director Public Affairs Olle Axelson, + 46 31 59 26 00,
[email protected]<p><br>or Maria Bohlin, Press spokesperson, Volvo Car Corporation + 46 31 59 65 25
[email protected]<p> <br>