Weissburg new Volvo president

The Wall Street Journal reports that Martin Weissburg has been appointed new president of Volvo Construction Equipment. He is currently president of the Volvo Group’s customer finance company, Volvo Financial Services. Pat Olney, departing president, 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.