Ford Motor Co. taps Fredrik Arp as CEO and president of Volvo Cars Corp., succeeding Hans-Olov Olsson, who becomes Volvo board chairman. Both appointments take effect Oct. 1. Arp recently served as president and CEO of Trelleborg AB, a Sweden-based global auto supplier that specializes in advanced polymer technologies. He will report to Mark Fields, executive vice president of the Premier Automotive Group and Ford of Europe.

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