Volvo Construction Equipment has named Melker Jernberg as president, replacing Martin Weissburg at the end of 2017.
Weissburg, who took the reins at Volvo CE in 2014, is returning to the U.S. and will serve as senior advisor to Volvo President and CEO Martin Lundstedt. He will be based in Greensboro, North Carolina, and takes on this new role Jan. 1, 2018.
Jernberg most recently served as president and CEO of Höganäs AB, a powder metallurgy company in Sweden. Before that he was executive vice president and head of business area EMEA at steel manufacturer SSAB.
“Martin Weissburg has, through his strong leadership, been key to the considerable improvement in the performance of Volvo Construction Equipment and he will continue to have senior positions within the Volvo Group. Martin Weissburg will remain in his position until year end 2017 and take up his new position as Senior Advisor to me during the course of Q1 2018,” says Lundstedt.