Pat Olney to leave Volvo Construction Equipment at end of 2013

Volvo Construction Equipment president Pat Olney is to leave the global construction equipment manufacturing giant at the end of 2013. The 44-year-old joined Volvo CE in 1996 and has held a number of top management positions in finance, operations and general management, before becoming Volvo CE president in May 2011. He is to take a post at what a Volvo CE spokesperson said was a ‘non-competing, large engineering company based in the U.S.’
October 21, 2013 Read time: 2 mins
Pat Olney
Volvo Construction Equipment president Pat Olney is to leave the global construction equipment manufacturing giant at the end of 2013.

The 44-year-old joined 359 Volvo CE in 1996 and has held a number of top management positions in finance, operations and general management, before becoming Volvo CE president in May 2011.

He is to take a post at what a Volvo CE spokesperson said was a ‘non-competing, large engineering company based in the U.S.’

Olney said, “I have had a long and rewarding career with Volvo, and for that I will always be grateful. As such, this was not an easy decision. I have had the ambition to relocate at some point to North America and this opportunity was simply too good to pass up.”

Of Olney’s imminent departure, Olof Persson, president and CEO of the 3970 Volvo Group, said, “Pat has done an excellent job during his career with Volvo I regret that he has decided to leave Volvo. At the same time I fully understand and respect his desire to move to North America for professional and personal reasons.”

A Volvo CE spokesperson said the search for Olney’s replacement as Volvo CE president had begun.
Highway & Network Management

For more information on companies in this article

Related Content

  • Volvo Construction Equipment is reorganising backhoe loader production
    January 18, 2013
    Volvo Construction Equipment (Volvo CE) is consolidating its production of backhoe loaders in the Americas with additional investment. Volvo CE will relocate its backhoe loader manufacture from Tultitlán, Mexico, to the company’s production facility in Pederneiras, Brazil. This is part of a plan to streamline production and gain efficiencies of scale, strengthening of its industrial footprint in the Americas. Regional production of backhoe loaders will be moved from the facility at Tultitlán in Mexico, to a
    Read More
  • 2-4 year-old construction equipment tops buyer ‘wish list’
    May 11, 2012
    A leading used construction equipment auctioneer firm boss believes equipment aged between 2 and 4 years is now topping buyers’ ‘wish lists’, as 1 to 2-year-old used stocks deplete. Jonnie Keys, General Manager of Euro Auctions, said that with the cost of new equipment currently up by around 20% on prices in June 2009, the used market is still strong. “Euro Auctions has repeatedly seen over 30% of all plant sold leaving the UK and Europe for projects in Australia, South Africa, South America, Central Ameri
    Read More
  • Volvo CE reports dip in machine sales
    October 30, 2012
    Volvo CE reports a drop in machine sales of 9% in the third quarter as market demand drops. The company says that it is facing a weakening total market, which was down 11% in the year to August. This has also been combined with increased price competition and has put pressure on its third quarter sales and earnings. The company says it has reacted quickly to a slowing global market by slowing the rate of production in its factories and reducing the number of machines held in stock at its dealerships. This
    Read More
  • Volvo bullish in Asian market
    February 29, 2012
    The manufacturer Volvo Construction Equipment has major growth plans for its presence in Asia and China in particular.
    Read More

Highlighted Content