GOTHENBURG, Sweden, Aug. 21,
2023 /PRNewswire/ -- Carl-Henric Svanberg has declined re-election as
Chairman of the AB Volvo Board of Directors. He will remain as
Board Chairman until the Annual General Meeting to be held in
March 2024.
"Today, I have informed the Election Committee of AB Volvo of my
intention to step down in conjunction with next year's Annual
General Meeting," says Carl-Henric
Svanberg, Chairman of the AB Volvo Board of Directors. "In
March 2024, I will have served as
Chairman for 12 years. It has been a great privilege and I am proud
of the achievements of the management team and all the employees in
the Volvo Group."
Carl-Henric Svanberg became Board
Chairman of AB Volvo in April 2012.
During his time as Chairman, the Volvo Group has strengthened its
leading positions globally, substantially improved its underlying
profitability and established its journey toward net-zero
emissions.
"My successor will have the opportunity to continue to drive the
transformation toward net-zero and play a leading role in the
transition together with the Board, our Chief Executive Officer
Martin Lundstedt and his management
team. Until then, I look forward to serving Volvo and our
shareholders until the 2024 Annual General Meeting," says
Carl-Henric Svanberg.
"Carl-Henric Svanberg has
informed the Election Committee of his intention to step down in
conjunction with next year's Annual General Meeting," says Pär
Boman, Chairman of the AB Volvo Election Committee. "His
contribution throughout the years has been highly appreciated, not
only by shareholders but also by all of the company's relevant
stakeholders. The search for his successor will commence
immediately."
August 21st, 2023
Journalists wanting further information, please
contact:
Claes Eliasson, Volvo Group Media
Relations, +46 76 553 72 29
For more information, please visit
volvogroup.com
For frequent updates, follow us on Twitter:
@volvogroup
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs more
than 100,000 people and serves customers in almost 190 markets. In
2022, net sales amounted to SEK 473
billion (EUR 45 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3820954/2239251.pdf
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SOURCE AB Volvo