Headlines
China's Geely appoints new chair of European business, replacing founder Eric Li
Published by Global Banking & Finance Review®
Posted on June 27, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 27, 2025
2 min readLast updated: January 23, 2026
Geely appoints Lone Fonss Schroder as new chair for European operations, replacing founder Eric Li. The move is part of a strategic focus to improve synergies.
STOCKHOLM (Reuters) -China's Geely Holding, the main owner of Volvo Cars, Lotus and other auto brands, has appointed a new board chair at its key European investment company to replace founder Eric Li, it said late on Thursday.
Danish business veteran Lone Fonss Schroder will take the helm at Geely Sweden Holding's board, which oversees the Chinese group's European businesses, Geely said in a statement, without elaborating on the reason for the switch.
She replaces Li, also known as Li Shufu and Geely's top shareholder. Li is also the chair of Volvo Cars.
Last year, Li urged a greater strategic focus at Geely to improve synergies and eliminate internal competition.
So far, that has involved merging teams and restructuring some of its brands such as Zeekr, Geely Auto and Lynk & Co, as well as moving or axing executives and board members at Swedish brands Volvo Cars and Polestar.
Loss-making Polestar, where Li is majority owner via Geely Sweden and private holdings, will also replace two Geely board members at a June 30 shareholder meeting.
Schroder will step down from the board of Volvo Cars, where she has been a member since 2010, and instead take a seat on the automaker's nomination committee in charge of board appointments.
Former Volvo Cars CEO Hakan Samuelsson was unexpectedly brought back to run Volvo in March at a turbulent time for the carmaker marked by tariff pressures and market uncertainty.
(Reporting by Anna Ringstrom and Marie Mannes. Editing by Mark Potter)
Danish business veteran Lone Fonss Schroder has been appointed as the new chair of Geely Sweden Holding's board.
Lone Fonss Schroder replaces Eric Li, the founder and top shareholder of Geely.
Polestar, where Li is the majority owner, will replace two Geely board members at an upcoming shareholder meeting.
Eric Li urged for a greater strategic focus to improve synergies and eliminate internal competition within Geely.
After stepping down from the board of Volvo Cars, Schroder will join the automaker's nomination committee responsible for board appointments.
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