New Volvo North America CEO Starts

Ford Motor Co. said Dan Werbin took over as chief executive of Volvo Cars of North America, putting the former head of Volvo’s Japanese business in charge of the luxury unit’s largest market.

Werbin was named CEO of the Volvo North American unit in May, though he hadn’t assumed the duties. Vic Doolan, the North American executive director of the second-largest auto maker’s Premier Automotive Group, had filled the Volvo post on an interim basis after the previous chief executive, Mark LaNeve, was hired in April to run General Motors Corp.’s Cadillac division.

Ford shares rose 32 cents to $16.37 on the NYSE.