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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    China's Geely appoints new chair of European business, replacing founder Eric Li

    Published by Global Banking and Finance Review

    Posted on June 27, 2025

    Featured image for article about Headlines

    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)

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