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Volvo Pushes Out CEO in Surprise Move
- Volvo has announced a leadership shake-up, with Jim Rowan stepping down as CEO.
- Håkan Samuelsson, former CEO, will return for a two-year term while the company searches for a long-term leader.
- The decision to replace Rowan comes despite Volvo reporting record sales, profits, and revenue in 2024.
- Samuelsson's return comes at a pivotal moment for Volvo as it faces declining EV demand and rising material costs.
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