Persson new CEO of Iveco Group

Following the announcement that current CEO, Gerrit Marx, will assume the role of CEO at CNH Industrial N.V., the Iveco Group said that Olof Persson will replace Marx as CEO starting July 2024.

Persson is currently an Iveco Group Board Independent Director and has been closely involved in the development of the Group’s plans as presented at the recent Capital Markets Day.

Persson said: “As a Board member I have been greatly impressed by the entire Iveco Group team as they have opened the company to the opportunities of the digital era and the transition to alternative propulsion technologies. I couldn’t be more delighted to have this opportunity to step in to the CEO role, ensuring that we maintain our laser focus on serving all our stakeholders and applying the very best of our many and growing capabilities.”

“I’m deeply proud of the achievements of my Iveco Group colleagues during these important and exciting years since our listing and have no doubt that under Olof’s leadership our great company will continue to go from strength to strength,” commented Marx.

During his career Persson has held various positions at ABB and was appointed Division President at Bombardier Transportation in 2004. In 2006, he joined Volvo Group as President of Volvo Aero and subsequently President of Volvo Construction Equipment in 2008. In 2011 he became President and CEO of the AB Volvo Group. In 2016 Persson was appointed Senior Operating Executive at Cerberus Operations and Advisory Company. In 2022 he joined the Board of Iveco Group as an Independent Director when the Group listed on Euronext Milan.

Iveco Group’s first quarter financial results will be presented by Mr. Marx on May 10, 2024.