According to a company statement, Javier will step down from his role "will step out of his role to prepare for his new opportunity with immediate effect." Varela has been a member of Volvo Cars' Executive Management Team since 2016 and COO and Deputy CEO since 2022. As a consequence, and "in line with the company's ongoing succession planning and organisation design," the company's Executive Management Team (EMT) will be expanded to include Erik Severinson as Chief Product & Strategy Officer, Anders Bell as Chief Engineering & Technology Officer and Francesca Gamboni as Chief Supply Chain Officer. They all report to CEO Jim Rowan.