Volvo Cars, the premium car maker, has appointed Xiaolin Yuan as senior
vice president for the Asia Pacific region effective March 1st, replacing
Lars Danielson who will retire at the end of February.
Mr Yuan is currently deputy vice president for Asia Pacific, a position he
has held for the past two years. He previously spent four years as the head
of Li Shufu¡¯s office and a member of Volvo Cars¡¯ Board of Directors. Mr Li is
the chairman of Volvo Cars.
Mr Yuan joined Volvo as head of mergers and acquisitions and oversaw the
purchase of Volvo Cars by Zhejiang Geely Holding in 2010.
In his new role, he will be supported by Geert Bruyneel, currently vice
president purchasing & manufacturing APAC, who is appointed deputy senior
vice president, Asia Pacific.
¡°I am delighted to welcome Xiaolin to the executive management team in
this key strategic role,¡± said H?kan Samuelsson, president and chief
executive. ¡°He brings his local knowledge and experience to a role that will
be central to Volvo¡¯s continuing global development as he leads the company¡¯s
continued growth in this key region. I also want to pay tribute to Lars for
the invaluable contribution he has made to our high speed development in
China and would like to wish him well for the future¡±.
Mr Danielson joined Volvo Cars in 2006 after a career at Saab and General
Motors. He was the general manager for Volvo¡¯s Torslanda plant in Sweden
until 2010 when he moved to China, following Geely¡¯s acquisition of Volvo
In China he was responsible for establishing Volvo¡¯s manufacturing
footprint before being appointed senior vice president for China in 2013 and
then senior vice president for Asia Pacific in 2015.
Mr Danielson has overseen the rapid expansion of Volvo Cars¡¯ in China with
the opening of two plants in Chengdu and Daqing and an engine plant in
Zhangjiakou. During the same period, the number of employees in China has
grown from 150 in 2010 to more than 6,000 today and sales increased from around
31,000 cars in 2010 to more than 90,000 in 2016, making China the number one
sales market for Volvo worldwide.
¡°I am tremendously proud of the role I have been able to play over the
last six years in China¡± said Mr Danielson. ¡°In this period Volvo Cars has
changed beyond recognition with over 6,000 employees and expanded from China
to more than 16 markets in Asia Pacific. We have achieved an average growth
of 24% per year since 2010 and have established Volvo Cars as a key player in
the China market, our second home market.¡±
Volvo Car Group in
For the 2015 financial
year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK
in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK).
For the full year 2016, global sales reached a record 534,332 cars, an
increase of 6.2 per cent versus 2015. The record sales and operating profit
cleared the way for Volvo Car Group to continue investing in its global
transformation plan. Full financial results for 2016 will be announced in
About Volvo Car Group
Volvo has been in
operation since 1927. Today, Volvo Cars is one of the most well-known and
respected car brands in the world with sales of 534,332 cars in 2016 in about
100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely
Holding (Geely Holding) of China since 2010. It formed part of the Swedish
Volvo Group until 1999, when the company was bought by Ford Motor Company of
the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2016,
Volvo Cars had around 30,000 employees worldwide. Volvo Cars head office,
product development, marketing and administration functions are mainly
located in Gothenburg, Sweden. Volvo Cars head office for China is located in
Shanghai. The company¡¯s main car production plants are located in Gothenburg
(Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are
manufactured in Sk?vde (Sweden) and Zhangjiakou (China) and body components
in Olofstr?m (Sweden).