Volvo Penta appoints new president

Volvo, Chesapeake, Virginia, has appointed Martin Bjuve, currently chief financial officer and senior vice president business office at Volvo Penta, to transition to the role of president of Volvo Penta of the Americas. According to a news release from Volvo, Ron Huibers, current president of Volvo Penta of the Americas, has decided to transition to a new role within Volvo Penta. Huibers has been with Volvo for 26 years and has served as president of Volvo Penta for about seven years. 

Volvo Group

“The team, customers and industries we serve here have been exciting and rewarding. This role has been the best of my long career,” Huibers says. “I am thankful to have worked with great leaders and teams and establish stronger partnerships. However, as we have planned, I want to spend more time with my family that has been difficult to balance given the travel demands of being president. The time is right to hand over the baton as the Americas continues into the next stage of its journey.” 

“With 26 years of distinguished leadership across Volvo Group at Volvo Penta, Volvo and Mack Trucks, Volvo Finance and Volvo Construction Equipment, Ron’s skills and experience developing business, teams and partnerships have paid dividends to the company and stakeholders,” adds Bjorn Ingemanson, president and CEO of Volvo Penta. “On behalf of Volvo Penta, I would like to thank Ron for his valuable contribution. His experience will still be available to the company, as Ron will help represent the company and support me as senior advisor.”

The roles will transition on Jan. 1, according to Volvo.

Bjuve has been with Volvo Penta for 17 years and is a member of the Volvo Penta executive group. As senior vice president and chief financial officer, his responsibilities have included the overall strategy development, as well as process and IT. Martin has developed a broad commercial and customer experience in Volvo Penta. Prior to being appointed global CFO, Martin was based in Chesapeake for five years, first as CFO for Volvo Penta of the Americas, and later as VP of customer support. Earlier roles include CFO Region Europe as well as responsible for sales of spare parts and accessories and dealer development in the Nordic countries. 

“During his many years at Volvo Penta, Martin has developed into a commercial leader, with a strong strategic vision. He will continue to build on the strengths that Volvo Penta has established in North and South America over the years. I am pleased to have Martin take on the leadership role given his strong and diverse experience. Martin will, of course, be a key person in developing our current business in the business region. Furthermore, Martin is well suited for expanding the new businesses that we are currently developing, like the outboard offer as well as automation, connectivity and electromobility,” Ingemanson says.

The recruitment of a new CFO and senior vice president business office at Volvo Penta is initiated and will be announced at a later stage, Volvo reports in a news release.

Volvo Penta, with approximately 3,500 dealers in over 130 countries, is a world-leading and global manufacturer of engines and complete power systems for boats, vessels and industrial applications. Volvo Penta is part of the Volvo Group, one of the world’s leading manufacturers of heavy trucks, buses and construction equipment.