Pat Olney to leave Volvo CE

Pat Olney, president of Volvo Construction Equipment (Volvo CE), is to leave the company to take up a post with an unnamed but non-competing engineering company in the US. He will remain with Volvo until the end of this year.

Mr Olney joined Volvo CE in 1996 and has held a number of top management positions before becoming president of Volvo CE in 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” said Mr Olney.

Volvo Group president & CEO Olof Persson said, “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.”

A statement from Volvo added that it had begun the search for a replacement for Mr Olney.