Volvo: Change in Volvo’s Group Executive Team

Fri Nov 29, 2013 2:42am EST

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Volvo: Change in Volvo’s Group Executive Team

Regulatory News:

Jan Gurander, 52, has been appointed new CFO and member of Volvo’s (STO:VOLVA)(STO:VOLVB) Group Executive Team. Jan Gurander will join the Volvo Group January 1, 2014. Gurander was most recently CFO at Volvo Cars. “Jan Gurander has long and solid experience as the CFO of several major automotive companies and he is bringing this experience with him to the Volvo Group,” says Volvo CEO Olof Persson.

Jan Gurander’s previous positions include that of CFO at Scania, MAN Diesel SE and Volvo Cars. Jan Gurander will join the Volvo Group on January 1 and will work alongside Anders Osberg until he assumes his position on March 1 2014. As a member of Volvo’s Group Executive Team, Gurander will report to CEO Olof Persson.

Volvo’s current CFO Anders Osberg will strengthen the management work on the long-term development of the Business Areas of the Volvo Group. Osberg, 52, will assume his new position on March 1, 2014, and report to Håkan Karlsson, who is responsible for the Group’s business areas. When the Volvo Group launched its new organization in 2012, the responsibility for the Volvo Construction Equipment, Volvo Penta, Volvo Buses and Governmental Sales business areas was amalgamated under the leadership of Håkan Karlsson.

“The business areas have a key role in contributing to the Group’s profitability and, with the appointment of Osberg, we are strengthening our effort on the long-term development of their business,” says Volvo CEO Olof Persson.

November 29, 2013

AB Volvo (publ) is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication for publication at 08.30 a.m. November 29, 2013

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AB Volvo
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