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Volvo Cars, Controlled by Geely, Appoints Ex-McKinsey Fredrik Hansson as CFO Ahead of Q1 Results; Hansson Buys 3.9M SEK Shares

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Updated Apr 25, 2025, 10:59 PM

Volvo Cars, the Sweden-based automaker controlled by Chinese company Geely, has appointed Fredrik Hansson as its new chief financial officer effective immediately. Hansson, a former McKinsey consultant, joins the company less than a week before Volvo is set to release its first-quarter financial results. This management change comes amid a challenging period for Volvo, whose share price has declined by 48% over the past 12 months. Meanwhile, several executives and board members across Swedish companies have been actively purchasing shares.

Notably, Volvo's CFO Fredrik Hansson bought shares worth 3.9 million Swedish kronor. Other significant stock purchases include Industrivärden increasing its stake in Volvo by 382 million kronor, EQT's CEO buying shares valued at 81 million kronor, and Investor acquiring Ericsson shares for 144 million kronor. Analysts have expressed a cautious outlook on Investor's short-term potential.

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