Volvo CE's new CEO

Swedish-based Volvo Construction Equipment has appointed Pat Olney as its new president and CEO, effective from 1 May.
February 17, 2012 Read time: 1 min
Swedish-based Volvo Construction Equipment has appointed Pat Olney as its new president and CEO, effective from 1 May. This development follows the recent appointment of the firm's previous president, Olof Persson, to become CEO of parent AB Volvo. Olney has worked for 17 years in the construction equipment industry, with 10 of these in senior management roles within 359 Volvo CE. In the 2001 - 2004 he was the CFO of Volvo CE, and was then appointed president of Volvo Motor Graders, a position he held until becoming president of Volvo Road Machinery in 2007. Since 2009 he has been executive vice president and head of operations at Volvo CE. This position includes all global manufacturing as well as global purchasing.
Finance & Funding

Related Content

  • JCB announces successor to CEO Alan Blake
    June 13, 2013
    JCB has announced a successor to CEO Alan Blake who is to retire at the end of the year. Blake, 63, joined JCB in 1989 and became CEO in 2010 after holding a number of senior positions in the company, and after leading the biggest production expansion in JCB’s history. Since his appointment as CEO, Alan has presided over the company’s return to sales and production growth against a backdrop of continued economic uncertainty around the world, including last year’s 10% contraction in the global construction e
    Read More
  • Volvo CE achieve best ever Q1 sales
    April 27, 2012
    Volvo CE has reported record first quarter year sales. Sales between January 1 and March 31, 2012 were up 17% on the same three months of 2011. Despite a 26% decline in the overall construction machine sales market in China during the first quarter of this year, Volvo CE says it maintained sales in the country and reinforced what the company claims is its number one position in the Chinese wheel loader and excavator market together with its joint-venture partner, SDLG. Volvo CE says it achieved a 111% incre
    Read More
  • Volvo CE Q1 2013 net sales down 33% - but firm maintains profitability
    April 25, 2013
    Volvo Construction Equipment (Volvo CE) said sharply lower global demand, especially in the mining sector, during the first three months of 2013 had caused its 33% net sales decline in the quarter to US$1.829 billion (SEK 12,136mn). The Swedish construction equipment manufacturing giant’s operating income was also down in Q1 2013 to $75.38 million (SEK 500mn), compared to $314.97 million (SEK 2,089mn) in the first quarter of 2012, while operating margin was 4.1%, down from 11.6% in Q1 2012. Volvo CE said it
    Read More
  • Volvo CE making moves
    June 26, 2025
    Volvo CE is making major moves to boost sales for Europe while selling its stake in SDLG.
    Read More

Highlighted Content