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Olney to step down as Volvo CE president

Pat Olney, president of Volvo Construction Equipment (CE), is leaving the company but will remain in his current position until the end of the year. According to Volvo CE, Olney is leaving to work with a non-competing U.S.-based engineering company.

Olney, 44, joined Volvo CE in 1996. He held a number of top management positions in finance, operations and general management before becoming Volvo CE president in May 2011.

The search for Olney’s replacement has begun, the company adds.

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