TRW Automotive Announces New Chief Operating Officer
LIVONIA, MI--Oct. 30, 2013: TRW Automotive Holdings Corp. , announced today that effective January 1, 2014 Patrick Olney, the current president of Volvo Construction Equipment, a $10 billion business unit of the Volvo Group, will assume the role of chief operating officer reporting to John Plant, chairman and chief executive officer of TRW Automotive. Pat will be based in Livonia, Michigan, subject to government approvals.
Pat will replace Steve Lunn, TRW's current chief operating officer, who previously announced his intention to retire effective February 28, 2014.
"Steve Lunn, who has been our chief operating officer since 2003, has been instrumental in building TRW Automotive into the successful business that it is today. His leadership will be missed by all of us," said John Plant, Chairman and CEO.
"Pat Olney is a well-rounded, hands-on, financially astute and globally experienced senior executive with 18 years of experience in roles of increasing responsibility at Volvo Construction Equipment. I am pleased to have an executive with Pat's global experience and successful track record joining our team at TRW. His operating style and laser focus will complement our existing team of talented executives. The overlap between Pat and Steve will ensure a smooth transition and operational continuity," added John Plant.
Pat began his career with Price Waterhouse in Canada. In 1995, he joined Champion Motor Grader in Goderich, Ontario, Canada where he held several financial roles. Pat was appointed chief financial officer of the motor grader business after Champion was acquired by Volvo Construction Equipment. In 2002, Pat moved to Volvo Construction Equipment headquarters in Brussels, Belgium to become the chief financial officer.
After serving in this role, Pat returned to Canada to become the president of the Volvo motor grader business line from 2004 to 2007. When Volvo Construction Equipment acquired the road development business from Ingersoll Rand, he moved to Pennsylvania to lead the combined road machinery division. In 2009 he returned to Brussels to become executive vice president, Operations, of Volvo Construction Equipment and in 2011 he became its president and CEO, the position he holds today.
Pat holds an Honors degree in Business Administration from the Ivey Business School at Western University in Ontario, Canada.