Change in Volvo’s Group Executive Board

Change in Volvo’s Group Executive Board

Change in Volvo’s Group Executive Board

The FINANCIAL -- 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, according to Volvo.

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.