Jan Gurander, 52, has been appointed new chief financial officer and member of Volvo’s group executive team. Gurander will join the Volvo Group Jan. 1, 2014. He was most recently CFO at Volvo Cars.

“Jan Gurander has long and solid experience as the CFO of several major automotive companies and he is bringing this experience with him to the Volvo Group,” said Volvo CEO Olof Persson.

Gurander’s previous positions include that of CFO at Scania, MAN Diesel SE and Volvo Cars.

Volvo’s current CFO Anders Osberg will take an unnamed position aimed to strengthen the management work on the long-term development of the business areas of the Volvo Group. Osberg, 52, will assume his new position on March 1, 2014, and report to Håkan Karlsson, who is responsible for the group’s business areas.

“The business areas have a key role in contributing to the Group’s profitability and, with the appointment of Osberg, we are strengthening our effort on the long-term development of their business,” Persson said.