Martin Witt was appointed vice president and head of Volvo Group Venture Capital. He will report to Anna Westerberg, senior vice president, Volvo Group Connected Solutions.

In his new role, Witt will lead the work in making investments in innovative companies at the forefront of service orientation as well as product differentiation and supporting collaboration between startup companies and the Volvo Group.

Before joining the Volvo Group, Witt was managing director at Accenture Strategy with responsibility for the Gothenburg office, the Swedish Business Strategy unit and the Automotive Strategy community in the Nordics. Witt has 16 years of experience in strategy consulting focusing on industrial, automotive and product/services industries.