Nina Aresund appointed new member of Volvo's Group Executive Board

Rhea-AI Summary

Nina Aresund has been appointed as the new member of Volvo's Group Executive Board and Executive Vice President Group Legal and Compliance, effective January 1, 2023. She succeeds Sofia Frändberg, who has served in the role for ten years. Aresund joined the Volvo Group in 2007 and was previously the Head of Legal and Compliance for Volvo Construction Equipment. Martin Lundstedt, President and CEO, emphasized the significance of this succession as part of the company’s strategic planning for leadership continuity.

Positive

• Nina Aresund's appointment reflects a well-planned succession strategy.
• Aresund has extensive experience within Volvo, enhancing leadership continuity.

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• None.

GÖTEBORG, Sweden, Sept. 2, 2022 /PRNewswire/ -- Nina Aresund has been appointed new member of Volvo's Group Executive Board and Executive Vice President Group Legal and Compliance. She will succeed Sofia Frändberg who after ten years will step down from her current role and continue as a senior leader for the Volvo Group.

Nina Aresund, born in 1974, began her career at the Volvo Group in 2007 and currently holds the role as Head of Legal and Compliance for Volvo Construction Equipment. Prior to her current role she held the position as head of Group Legal.

"The change to Nina is carefully planned and shows our strong succession pipeline", says Martin Lundstedt, President and CEO. "Sofia has a long and successful career in the Volvo Group and will continue to contribute on our growth journey."

Nina Aresund will take on her position as of January 1^st, 2023.

September 2^nd, 2022

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 almost 100.000 people and serves customers in more than 190 markets. In 2020, net sales amounted to about SEK 338 billion (EUR 33.6 billion). Volvo shares are listed on Nasdaq Stockholm.

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SOURCE AB Volvo

FAQ

Who is the new member of Volvo's Group Executive Board appointed on January 1, 2023?

Nina Aresund is the new member of Volvo's Group Executive Board, effective January 1, 2023.

What role is Nina Aresund taking at Volvo?

Nina Aresund has been appointed as Executive Vice President Group Legal and Compliance.

Who did Nina Aresund succeed at Volvo?

Nina Aresund succeeded Sofia Frändberg, who has held the position for ten years.

When was Nina Aresund appointed to the Group Executive Board of Volvo?

Nina Aresund was appointed to the Group Executive Board on September 2, 2022.

What was Nina Aresund's previous role before joining the Executive Board?

She was the Head of Legal and Compliance for Volvo Construction Equipment.