Volvo Construction Equipment announced that Martin Weissburg, who has been president since 2014, will leave that role as of the end of the year and will be succeeded by Melker Jernberg, currently president and CEO of the Swedish powder metallurgy company Höganäs AB. Jernberg has also been appointed as a member of the Volvo Group executive board.
Prior to Volvo, Jernberg was executive vice president and head of EMEA business at Swedish-based steel manufacturer SSAB. Jernberg will assume his new position on Jan. 1, 2018.
Weissburg, who is moving back to the U.S. for family reasons, will become a senior advisor to Volvo’s president and CEO Martin Lundstedt in Greensboro, N.C. Prior to his position as president of Volvo CE, Weissburg served in a series of executive positions at the company, including executive vice president of Volvo CE, president and CEO of Volvo Commercial Finance LLC The Americas and president of Volvo Financial Services AB.