Stenqvist steps down from Volvo Executive Board

Lars Stenqvist, member of the Volvo Group Executive Board and Group chief technology officer, has chosen to step down from his current role after nine years of service. He will continue in the Group as a senior leader.

Jens Holtinger

Commenting on the change, Martin Lundstedt, Volvo Group president and CEO, praised Stenqvist for his leadership, noting that he has made significant contributions over the years and “has been instrumental in the Group’s positive development and a pioneer on the journey towards more sustainable transport.”

Stenqvist will be succeeded by Jens Holtinger, currently member of the Executive Board and executive vice president, Group Trucks Operations. Holtinger has had a number of leadership roles during his more than 25 years in the Volvo Group. In addition to his current role, he has also been responsible for truck manufacturing in Europe and Brazil as well as various truck production plants.

“With his extensive experience across the entire value chain, Jens will bring valuable perspectives that support our continued focus on innovation and operational excellence,” Lundstedt stated. “His steady leadership and industry insight will be important as we continue to develop solutions that meet evolving needs.”

The leadership transition will take effect on September 1, 2025.