GREENSBORO, N.C. — Peter Karlsten, head of Volvo Trucks North America, has been appointed president of Volvo Powertrain.
He will assume his new position on Dec. 1, when his predecessor, Lars-Gran Moberg, retires. Karlsten will also assume the role as senior vice-president technology for the Volvo Group and become a new member of the Group Executive Committee.
Karlsten has been head of Volvos North American truck operations since 2003. Prior to this he was head of Volvo Trucks in Brazil. Karlsten has previously worked within ABB and holds a degree in engineering with graduate studies in economics.
Lars-Gran Moberg has done an excellent job during the years of restructuring and focusing after the major acquisitions at the beginning of 2000, commented Volvo CEO Leif Johansson. Peter Karlsten has many years of international experience in manufacturing and marketing. I am convinced he will contribute strongly in helping to develop and carry out the Groups international expansion and strategic development.
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