Changes in Volvo Group Executive Committee
January 09 2008 - 9:23AM
Business Wire
Regulatory News: Volvo's (Nasdaq:VOLV) (STO:VOLVB) (STO:VOLVA) CFO
Par Ostberg is assuming responsibility for the Group's Asian truck
operations in conjunction with the retirement of Jorma Halonen on
April 1 this year. Halonen's other duties will be distributed among
the other members of the Group Executive Committee. A new CFO to
succeed Par Ostberg will be appointed during the first quarter this
year after the year-end financial report. Par Ostberg has worked in
Asia for many years, including the role as President of Volvo
Treasury Asia. In addition, he has been a member of Nissan Diesel's
Board of Directors and as a former CFO of Renault Trucks, he has
been deeply involved in the work to integrate Renault Trucks and
Mack in the Group. "Due to Par's experience of Asia and the
integration of new acquisitions, he is especially suited to take
over responsibility for the Asian truck operations," says Volvo's
CEO Leif Johansson. "Par provides an experience and know-how that
guarantees continuity in the important work with the growth of the
Group in Asia." Jorma Halonen's duties in a number of internal
Boards will be assumed by other members of the Group Executive
Committee. Visit http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 15.00 p.m. January 9, 2008. The Volvo
Group is one of the world's leading manufacturers of trucks, buses
and construction equipment, drive systems for marine and industrial
applications, aerospace components and services. The Group also
provides complete solutions for financing and service. The Volvo
Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27
billion euro. The Volvo Group is a publicly-held company
headquartered in Goteborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com Regulatory News: Volvo�s
(Nasdaq:VOLV) (STO:VOLVB) (STO:VOLVA) CFO P�r �stberg is assuming
responsibility for the Group�s Asian truck operations in
conjunction with the retirement of Jorma Halonen on April 1 this
year. Halonen�s other duties will be distributed among the other
members of the Group Executive Committee. A new CFO to succeed P�r
�stberg will be appointed during the first quarter this year after
the year-end financial report. P�r �stberg has worked in Asia for
many years, including the role as President of Volvo Treasury Asia.
In addition, he has been a member of Nissan Diesel�s Board of
Directors and as a former CFO of Renault Trucks, he has been deeply
involved in the work to integrate Renault Trucks and Mack in the
Group. �Due to P�r�s experience of Asia and the integration of new
acquisitions, he is especially suited to take over responsibility
for the Asian truck operations,� says Volvo�s CEO Leif Johansson.
�P�r provides an experience and know-how that guarantees continuity
in the important work with the growth of the Group in Asia.� Jorma
Halonen�s duties in a number of internal Boards will be assumed by
other members of the Group Executive Committee. Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 15.00 p.m. January 9, 2008. The Volvo
Group is one of the world�s leading manufacturers of trucks, buses
and construction equipment, drive systems for marine and industrial
applications, aerospace components and services. The Group also
provides complete solutions for financing and service. The Volvo
Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27
billion euro. The Volvo Group is a publicly-held company
headquartered in G�teborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com
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