Changing Places

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Björn Ingemanson was appointed the new president of Volvo Penta, the company announced.

Ingemanson, 53, is currently president of Volvo Trucks’ International Division. He will assume his new position April 1, succeeding Göran Gummeson, who will retire next year.

Ingemanson has a long history at the Volvo Group, and his past positions include chief financial officer of Volvo Trucks and European head of the group’s customer financing company, Volvo Financial Services. He will not be replaced in his current role because Volvo Trucks’ international division will be moved up into new regional truck organizations in sales and marketing in conjunction with the introduction of a new organization at the end of the year.

After the reorganization, Volvo Penta will remain a business area in the Volvo Group, with responsibility for the development and sales of engines and drive systems for marine and industrial applications.