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Martin Weissburg, 51, has been appointed new President of Volvo Construction Equipment, Volvo CE. Weissburg is currently President of the Volvo Group’s customer finance company, Volvo Financial Services, VFS, and a member of the Group Executive Team. He will assume his new position on January 1, 2014, and replaces Pat Olney.
In spite of weak demand, especially in the mining sector, and unfavorable currency development, Volvo Construction Equipment (Volvo CE) showed good operating margin in Q3, thanks to effective cost control and inventory management.
Mr. 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.
Austrian newcomer Johannes Unger has claimed the Volvo Construction Equipment Operators Club European title 2013 in spectacular style and by just 19 seconds from Swiss nine-time finalist Ueli Hunziker. Germany's Michael Rosendahl took the final step on the podium, just 22 seconds clear of Austria’s Martin Moser in fourth.