Volvo Penta Appoints Humphree CEO
December 1, 2025
Björn Säljö, who has been with the company for 20 years, will lead the stabilization and trim systems manufacturer.
Björn Säljö, who has been with the company for 20 years, will lead the stabilization and trim systems manufacturer.
Brock Gavin and Jens Bering have new roles in the company’s North American division.
Net sales decreased 5%, and operating margin fell to 10.6% from 12% in the prior-year period.
Quick Nautical Equipment’s electric thrusters will be integrated with Volvo Penta’s assisted docking system.
Hanna Ljungqvist has previous experience at the propulsion manufacturer and other segments within the Volvo Group.
Volvo Penta’s net sales of $562.5 million were a 5% increase from the year-ago quarter.
The fully electric system complements the hybrid-electric propulsion technology the company launched last year.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
Björn Säljö, who has been with the company for 20 years, will lead the stabilization and trim systems manufacturer.
Brock Gavin and Jens Bering have new roles in the company’s North American division.
Net sales decreased 5%, and operating margin fell to 10.6% from 12% in the prior-year period.
Quick Nautical Equipment’s electric thrusters will be integrated with Volvo Penta’s assisted docking system.
Hanna Ljungqvist has previous experience at the propulsion manufacturer and other segments within the Volvo Group.
Volvo Penta’s net sales of $562.5 million were a 5% increase from the year-ago quarter.
The fully electric system complements the hybrid-electric propulsion technology the company launched last year.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
