Pat Olney Named CEO of Volvo Construction Equipment

Last 10 of his 17 years in the construction equipment industry have been in Volvo CE senior management

Mr Olney has an extensive experience spanning 17 years in the construction equipment industry, with ten of these in senior management roles within Volvo Construction Equipment.

From 2001 to 2004 he was 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 honours 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 honoured to have the opportunity to continue the implementation of our Fit for the Future strategy which has been very successful so far," Olney said.

"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 on May 1 to take up a new position as deputy CEO of AB Volvo and the role as president and CEO of AB Volvo as of September 1, 2011.

The search for a replacement for Olney is under way.


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