Volvo picks Jim Rowan as following CEO, replacing Hakan Samuelsson

STOCKHOLM — Volvo Cars and trucks has hired previous Dyson Team government Jim Rowan as its new CEO to succeed Hakan Samuelsson.

Rowan was Dyson’s CEO among 2017 and 2020 when the British tech company was acquiring an electric powered car, an notion it later dropped. In advance of performing at Dyson, Rowan was COO at BlackBerry maker Study In Motion.

The 56-calendar year-old Scottish government will thrive Samuelsson, 70, on March 21, Volvo stated in a statement on Tuesday.

Rowan is at the moment CEO at U.S-centered purchaser electronics brand name Ember Systems, a position he has held for considerably less than a 12 months. He is taking about just months right after Volvo wrapped up its IPO, the biggest in Europe final 12 months.

Rowan will facial area the undertaking of steering the Swedish automaker, which is the vast majority owned by China’s Geely Keeping, toward its target of having 50 % of its global gross sales from comprehensive-electrical autos by mid-10 years and be an electric-only brand name by 2030.

Volvo reported Rowan’s world-wide practical experience in digitalization, disruption, innovation, engineering and source chains will be beneficial for the automaker to understand its strategic ambitions.

Samuelsson will stay as chairman of electrical auto maker Polestar.

Samuelsson joined Volvo’s board in 2010 and has been CEO at the automaker for just about 10 yrs, with his deal coming to an close this calendar year.

Polestar, in which Volvo owns 49 p.c, aims to go public as a result of a reverse merger with particular-objective acquisition enterprise (SPAC) Gores Guggenheim. The offer is expected to close in the initial half of 2022.

Rowan was Dyson CEO from 2017 to 2020 and chief functioning officer from 2012 to 2017. For the duration of his time at Dyson, Rowan delivered report development and fiscal success for Dyson, in accordance to Volvo’s release.

Rowan labored for Investigation In Movement as COO from 2008-2012. During the period the organization boosted income to $20 billion from $5 billion.

From 1998 to 2005 he was vice president of operations at Flextronics, a $25 billion international producing business with additional than 200,000 staff members at more than 100 factories all over the world.

Rowan was born in Glasgow. He analyzed mechanical and creation engineering and electrical and digital engineering at Glasgow Caledonian University and Glasgow University of Technologies. He holds a master’s diploma in organization with source chain administration and logistics from Northumbria College, northern England.

Reuters contributed to this report

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Volvo introduces new auto tracking accessory to combat auto theft

Volvo Vehicle United kingdom has partnered with Vodafone Automotive to present its prospects with a new automobile tracking accent in purchase to battle auto theft and criminal offense. Referred to as the Vodafone Automotive VTS S5, the device will be readily available all Volvo products.

Employing this unit, automobile proprietors can keep track of and get better their auto with the assist of Vodafone Automotive’s community of safe working centres that is operational 24/7 as effectively as the help of area law enforcement nationwide and throughout 44 other European nations.

Comparable Cars and trucks

The device takes advantage of World wide web of Things (IoT) technological know-how to conduct its capabilities.

(Also read through | Volvo stories cyber protection breach, R&D data may possibly have been stolen)

The device’s monitoring function functions 24/7 and can pinpoint a car’s area down to 10 metres. Utilizing the related app, drivers can also keep an eye on their car’s spot in genuine time, examine info on previous journeys and get directions to their car or truck, regardless of whether they are strolling or driving.

The tracking procedure routinely recognises a smaller card carried by the driver and Vodafone Automotive is immediately notified if the car or truck is stolen or is pushed without having the card being current. Having said that, the product also has some exclusive modes to prevent phony alerts. These can be activated if the car is at a garage or is currently being transported.

(Also study | This EV company wants to establish a climate-neutral auto by 2030)

The system will also detect makes an attempt to tow the motor vehicle away, tamper with its battery or reduce wires in a theft endeavor. In scenario the car or truck is stolen, a Vodafone Automotive operator will call area police providers to give a moment-by-minute log of the car’s site – encouraging the police safe the recovery of the motor vehicle and a conviction. “At Volvo, we have generally place the protection of our customers to start with,” reported Hanif Jivani, Extras Programme Supervisor at Volvo Vehicle Uk.

The tracking gadget arrives for a price tag of £595, which includes fitting, VAT and a 3-calendar year membership to the stolen automobile restoration assistance.

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Volvo Breach Highlights Require for Securing Automobile R&D Knowledge

Advanced SOC Operations / CSOC
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Company Continuity Administration / Disaster Restoration
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Cybercrime

Upcoming-Gen Security Measures Vital for Auto Producers, Some Industry experts Say

(Resource: Nationwide Highway Traffic Safety Administration)

On Dec. 10, Swedish car company Volvo Autos reported that a person of its repositories experienced been illegally accessed by a third bash and that danger actors had stolen a “constrained amount of money” of the company’s research and advancement residence throughout the intrusion.

See Also: How to Uplevel Your Defenses with Security Analytics

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The Volvo data breach is the most up-to-date cyberattack specific at the automotive industry. Automobile brands are not only staving off regular types of cyberattacks such as ransomware, but are also dealing with threats arising from telematics and related car or truck elements. Scale, geolocation and enormous volumes of info created from hundreds of thousands of endpoints increase to the complexity.

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Current Cyberattacks in the Automotive Sector

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Study displays that around 200 cybersecurity incidents have been noted in 2020, and this 12 months has also found its fair share of cyberattacks.

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In February, U.S. car big Kia Motors was hit by a ransomware assault by the DoppelPaymer gang. According to a report by Bleeping Laptop or computer, the incident was a double-extortion assault, with a ransomware gang demanding $20 million for the decryptor important in addition to its assurance that it wouldn’t leak the data.

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Next the incident, Kia Motors experienced a “nationwide IT outage” that afflicted its cellular apps, mobile phone providers, payment programs, consumer-dealing with internet websites and interior supply chain apps.

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In June, the own info of 3.3 million shoppers – such as the delicate info of 90,000 Volkswagen and Audi prospects – was uncovered after an unauthorized 3rd-get together access. Investigations revealed that the knowledge was still left unsecured for 21 months.

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In Oct, German automobile component supplier Eberspächer Team was compelled to send its workforce on compensated leave right after a targeted cyberattack crippled its IT programs, in accordance to a report by news platform The Record.

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Though most of the previously assaults possibly threw a firm’s operations off track or afflicted the firm’s source chain, the cyberattack on Volvo Cars particularly specific the firm’s analysis info.

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The incident opens up queries about the cyber resiliency of automotive organizations, particularly around securing mental residence.

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Securing R&D Information

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“Protecting crucial belongings, these types of as investigation knowledge, is in particular important in a substantial-depth marketplace like automotive. Producers ought to go on to glance at how they take care of, retail outlet and share details to guard these belongings,” Chris Clark, remedies architect in automotive application and stability at automotive tech business Synopsys Inc., tells Facts Safety Media Group.

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Pauline Losson, cyber operations director at French digital chance protection firm CybelAngel and previous security analyst at France’s Office of Protection, identifies two significant challenges connected to R&D facts or mental

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