Gigou named Volvo president and CEO

Published June, 27 2001

Volvo Trucks North America announced June 15 that Michel Gigou would assume the duties of president and CEO, vacant since Marc Gustafson resigned Feb. 2.

Gigou, who has served as president and CEO of Mack Trucks Inc. since 1996, will take over the Volvo post in July. Gigou has overseen four consecutive years of market share growth in North America while at the helm of Mack.

Karl-Erling Trogen, a senior vice president of AB Volvo, has been acting president and CEO since Gustafson’s resignation. Gustafson served as president and CEO of Volvo since Sept. 20, 1996. Like Gigou, Gustafson had come to Volvo from Mack, where he served as vice president for sales and marketing. His resignation came shortly after a report of lower profits at Volvo, largely due to problems in truck sales.

Both Mack and VTNA are part of Volvo Global Trucks.

To replace Gigou, Mack announced that Paul L. Vikner would become president and CEO upon Gigou’s departure. Vikner is a long-time Mack employee, getting his start with the company in 1972. He also worked stints with Iveco Trucks of North America Inc., Isuzu Truck of America Inc. and American Isuzu Motors, Inc., before returning to Mack in 1995 as senior vice president of sales. In 1996, he was named executive vice president of sales and marketing, the position that he currently holds. Vikner is a native of Allentown, Pa., and earned his bachelor’s degree from Muhlenberg College in Allentown.

Gigou began his career in 1972, and has held management positions in sales and aftermarket for Renault in France, Sweden and the United Kingdom. He holds a degree in civil engineering from the Ecole Nationale Superieure des Arts et Metiers of Paris, as well as a business degree from IMEDE in Lausanne, Switzerland.