Alex Brownsell
Feb 25, 2011

Volvo hires Richard Monturo as global marketing head

GLOBAL - Volvo has hired ad agency executive Richard Monturo as its first head of global marketing, since being acquired by Chinese automotive manufacturer Geely.

Volvo hires Richard Monturo as global marketing head

 

Monturo, who joins from his position as executive director at Miami-based agency La Comunidad, will take on the role of vice-president for global marketing at Volvo Car Corporation. He will be based at the Swedish marque’s Gothenburg headquarters.

He has spent the past two months with Volvo in a consultancy role, as the manufacturer develops a new global brand strategy. He has previously worked on brands such as Absolut, Nissan, Mercedes-Benz, Michelin, McDonald's and Volkswagen.

Stefan Jacoby, Volvo chief executive, said, "Richard has the expertise and the necessary experience to sharpen the Volvo brand and secure a consistent execution globally, while understanding local market needs."

Meanwhile, Volvo has also appointed Peter Mertens to the role of senior vice-president, research and development. Both Monturo and Mertens take up their roles on 1 April.

Volvo has been owned by Geely since its acquisition from Ford Motors in a $1.8bn deal 12 months ago. At the time, Geely chairman Li Shufu promised Volvo would retain its core values of "safety, quality, environmental care and modern Scandinavian design".

This article was first published on marketingmagazine.co.uk.

Source:
Campaign Asia

Related Articles

Just Published

10 hours ago

Netflix doubles ad revenue in 2024, targets another ...

The streaming platform is eying a growing piece of the $25 billion spend on connected TV, with geographic expansion of its ads supported tier.

11 hours ago

Following Trump's lead is a mistake. It's time for ...

Just like you wouldn’t plan a picnic without considering the weather; agencies that try to plan for the future without considering climate change are risking disaster, says Clean Creatives' Duncan Meisel.

14 hours ago

GroupM axes global agency CEO roles in major ...

EssenceMediacom, Mindshare and Wavemaker brands will still operate globally and local market CEOs will retain their roles.

23 hours ago

Trump signs order to delay TikTok ban for 75 days

With the new US president asking for a 50% stake in TikTok, advertisers should be cautious of the evolving landscape and not put their ‘eggs into one social basket’.