Lars Stenqvist, member of the Volvo Group executive board and group chief technology officer has decided to step down from his current role after nine years of service and continue in the group as a senior leader. He will be replaced by Jens Holtinger, currently member of the executive board and executive vice-president group trucks operations, according to a news release.
“Lars, in his leadership role, has been instrumental in the group’s positive development and a pioneer on the journey towards more sustainable transport. I deeply value the significant contributions he has made over the years”, Martin Lundstedt, president and CEO, said in the release.
Holtinger has had several leadership roles during his more than 25 years in the Volvo Group. In addition to his current role as executive vice-president group trucks operations he has also been responsible for truck manufacturing in Europe and Brazil as well as various truck production plants.
“With his extensive experience across the entire value chain, Jens will bring valuable perspectives that support our continued focus on innovation and operational excellence. His steady leadership and industry insight will be important as we continue to develop solutions that meet evolving needs”, Lundstedt added.
The transition will take effect on Sept. 1.
