Volvo has appointed Hans Oscarsson as its new chief financial officer, effective from August 1.

He replaces Jan Gurander who is leaving the company after working there since 2011.

Håkan Samuelsson, president and CEO of Volvo Cars, said: "During his more than two years at Volvo Cars, Jan has created the conditions for long-term stability amidst a complex environment, and we thank Jan for his excellent efforts. We now have a finance function that guarantees ongoing continuity."

Oscarsson has worked within Volvo Cars since 1990. He has a thorough experience as a controller and CFO in both national sales companies as well as in several central functions. He was temporary CFO for Volvo Cars during 2010-2011 and with that fulfilled a key role during Zhejiang Geely Holding's acquisition of Volvo Cars.

Samuelsson added: "Hans Oscarsson's broad experience within Volvo Cars and his efforts during different phases of the company's history makes him highly suitable to take over the CFO position."