Volvo has promoted John Maloney to CEO of Volvo Cars, U.S.
Maloney, 50, has been with Volvo Cars of North America since 2000 and was most recently vice president of marketing and planning. He has more than 28 years of experience in the automotive industry, all of them with Volvo and Ford Motor Co.
Maloney replaces Doug Speck who moved to Sweden earlier this year to become senior vice president of marketing, sales and customer service at parent company Volvo Car Corp.
Maloney will oversee only the U.S. market as of January 1, when the parent company will spin off Canada into a separate sales region. The change will allow Volvo to focus more attention and resources on the U.S. market, Volvo's biggest in the world, Maloney said in an interview today.
Maloney said his major focus will be keeping up the sales momentum Volvo has achieved this year. He predicted U.S. sales will be up about 24 percent this year over 2010 at 67,000 units. The new S60 sedan and increased volume from the XC60 and XC90 crossovers, despite constrained supply, are driving sales.
Volvo's U.S. sales rose 27 percent this year through October to 57,054 units.
2012 volumes to grow
Maloney didn't predict 2012 sales but said volume will grow because the U.S. market will be receiving more of its three core vehicles -- the S60, XC60 and XC90. Supplies of the XC60 have been especially tight and "we have had more demand than supply for three years," said Maloney.
Volvo's U.S. sales will also receive a boost when the slightly freshened XC90 goes on sale in January and an all-wheel drive version of the S60 T5 hits showrooms in July, he said.
Maloney previously worked at Ford, where he started his career in 1983 in the customer service division in the New York regional office. His last job with Ford was as project supervisor of marketing strategy in Ford's global marketing department in Dearborn.
He has been acting president of Volvo Cars of North America since May. He became vice president marketing communications in 2002 and added product planning to his responsibilities in 2008.
Ford acquired Volvo in 1999 and sold it to China's Zhejiang Geely Holding Group in 2010.
Maloney said the U.S. market will be an important part of Volvo's worldwide strategy to increase sales to 800,000 units by 2020. A specific 2020 sales target for the U.S. hasn't been defined, he said.
Maloney said he brings a rounded perspective to the job with experience in sales, customer service, product and marketing.
"My style is that I love everything that is cars and automotive," he said. "I am very competitive in helping Volvo win."