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Volvo Names New President


Patrick Olney, 42, was named president and CEO of Volvo Construction Equipment, effective May 1. Olney has extensive experience spanning 17 years in the construction equipment industry, with 10 of these in senior management roles within Volvo CE. During 2001 – 2004 he was the CFO of Volvo CE, and was then appointed president of Volvo Motor Graders, a position he held until becoming president of Volvo Road Machinery in 2007.


Since 2009 he has been executive vice president and head of operations at Volvo CE. This position includes all global manufacturing as well as global purchasing. In 1994 he received the Chartered Accountant Designation from the Canadian Institute of Chartered Accountants. He also holds an Honors Degree in Business Administration from the Ivey School of Business, University of Western Ontario, London, Canada. Prior to joining Volvo he held various positions at Price Waterhouse.

“This is an exciting time in our industry and in Volvo CE in particular. I am honored to have the opportunity to continue the implementation of our Fit for the Future strategy which has been very successful so far,” said Olney.

“I am very pleased with Pat Olney as my successor. He has a long and extensive experience in the construction Equipment industry and has been instrumental in putting Volvo CE’s new strategy in place. He has delivered very well as executive vice president of Global Operations and in his previous positions,” said Olof Persson who leaves Volvo CE 1 May to take up a new position as deputy CEO of AB Volvo on May 1 and the role as president and CEO of AB Volvo on Sept. 1.