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Pat Olney leaves Volvo Construction Equipment


October 21, 2013
By Volvo CE

patolneyOctober 21, 2013, Shippensberg, Pa. – Pat Olney, currently
President of Volvo Construction Equipment, has decided to leave his position to
take up a new challenge in a non-competing, large engineering company based in
the U.S.A. Pat Olney will remain in his present position until year end.

patolneyOctober 21, 2013, Shippensberg, Pa. – Pat Olney, currently
President of Volvo Construction Equipment, has decided to leave his position to
take up a new challenge in a non-competing, large engineering company based in
the U.S.A. Pat Olney will remain in his present position until year end.

Mr. Olney, aged 44, joined Volvo CE in 1996 and has held a
number of top management positions in Finance, Operations and General
Management before he became the President of Volvo CE in 1 May 2011.

“I have had a long and rewarding career with Volvo, and for
that I will always be grateful. As such, this was not an easy decision. I have
had the ambition to relocate at some point to North America and this
opportunity was simply too good to pass up” says Pat Olney.

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“Pat has done an excellent job during his career with Volvo
I regret that he has decided to leave Volvo. At the same time I fully
understand and respect his desire to move to North America for professional and
personal reasons”, says Olof Persson, President and CEO of the Volvo Group.

The search for a replacement to Pat has begun.