Volvo said that Mr Olney, aged 44, had cited personal reasons for wanting to relocate from Sweden to North America. A Canadian, he is joining a non-competing, large engineering company based in the USA, Volvo said, but will remain in his present position with the Swedish company until year end.
“I have had a long and rewarding career with Volvo, and for that I will always be grateful,” he said. “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.”
Volvo Group president and 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.”