Klaus Zellmer Appointed New CEO of Volvo Cars, Departing Škoda Auto

Klaus Zellmer is stepping down as CEO of Škoda Auto after more than four years to assume the role of President and CEO of Volvo Cars, a company owned by the Chinese conglomerate Geely. Zellmer is expected to take up his new position no later than October 1, 2027, with current CEO Håkan Samuelsson continuing to lead Volvo until then to ensure a smooth transition. Zellmer's leadership at Škoda Auto saw the Czech carmaker achieve record financial results in 2025 and an all-time high in electric vehicle deliveries during the first half of 2026.