Stephen Odell appointed Volvo CEO and President

The last time we heard the name Stephen Odell, it was in connection to a list of possible replacements for current CEO Alan Mulally. While we aren't here to report on the top executive position at Ford, Odell has been tapped as Fredrik Arp's replacement as CEO of Volvo. Arp, who is leaving the automaker for other pursuits, had been serving as Volvo CEO and President since his appointment in October of 2005. Starting in October of this year, Odell will be responsible for leading Volvo towards "sustained profitability", something not seen by the Swedish automaker in quite a while. According to the newly-appointed CEO, the Volvo brand will continue to stand for "safety, environmental concern and its Scandinavian design." Frederik Arp is the third Ford exec outside the U.S. to leave in the last few weeks, following Bill Osborne -- the previous President of Ford Australia -- and Barry Engle, who had been serving as Ford of Canada's top official.