Louis Schweitzer was named chairman of Volvo's board of directors for the period until the next annual general meeting, replacing Finn Johnsson who has informed the board of his intention to resign as chairman.
"I have worked on various Volvo boards since 1989, in particular the board of AB Volvo, of which I have been a member since 1998 and chairman since 2004, but I need to free up time for a growing number of increasingly comprehensive assignments, which is why I am now leaving the board," Johnsson said in a statement.
Schweitzer has been a member of AB Volvo's board of directors since 2001. He has extensive experience of heading large, multinational companies and his positions have included those of president and chairman of Renault SA.
Schweitzer is chairman of Astra Zeneca and a member of the boards of BNP Paribas, Véolia and L'Oréal.
"Volvo is a company with which I have worked closely for many years. It is a great honor and a very exciting challenge to take over as chairman of the company," Schweitzer said in a statement.