GÖTEBORG, Sweden, June 19, 2018 /PRNewswire/ --
Volvo's senior management team is to be strengthened to further intensify the rate of change at the Volvo Group and the
development of new business models. The role of Deputy CEO will be refined and a new CFO will be appointed. A further change will
take place later this year when a new Executive Vice President Group Human Resources will be appointed.
The current Deputy CEO and CFO Jan Gurander will continue his work as Deputy CEO with the task
of leading Volvo's strategic and operational activities together with President and CEO Martin
Lundstedt. In a world that is changing at an increasingly rapid rate, Jan Gurander will assume responsibility for a number
of the Group's key challenges and strategic issues.
Jan Ytterberg, born in 1961, has been appointed CFO and will become a new member of the Volvo
Group Executive Board. Jan Ytterberg currently serves as the CFO of Swedish company Husqvarna
Group and has almost thirty years' of previous experience from the automotive industry from his various positions at truck
manufacturer Scania. The date on which Jan Ytterberg will take up his new position is yet to be
decided.
In addition, the current Executive Vice President Group Human Resources Kerstin Renard will step down from her role at the end
of the year. The process of recruiting her successor has been initiated.
"I have great respect for Kerstin Renard's work over her 11 years at Volvo," said Martin Lundstedt. "She has led the Group's HR activities and delivered excellent results in both times of
prosperity and a difficult financial crisis."
Journalists who would like further information, please contact: Joakim Kenndal, Head of Media relations, Volvo Group, tel,
+46-31-323-72-29.
For more information, please visit volvogroup.com/press
The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial
engines. The Volvo Group also provides complete solutions for financing and service. Volvo, which employs almost 100,000 people,
has production facilities in 18 countries and sells its products in more than 190 markets. In 2017, the Volvo Group's sales
amounted to about SEK 335 billion (EUR 33.4 billion) and its shares
are listed on Nasdaq Stockholm.
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SOURCE AB Volvo