Proposal for Board of Directors of AB Volvo

Rhea-AI Summary

AB Volvo's Election Committee proposes Pär Boman as the new Chairman of the Board and re-election of several Board members at the upcoming Annual General Meeting. The company's focus on sustainable transport and infrastructure solutions is highlighted.

GOTHENBURG, Sweden, Feb. 20, 2024 /PRNewswire/ --

Press information from AB Volvo's Election Committee

As previously announced, the Election Committee of AB Volvo proposes Pär Boman to be elected new Chairman of the Board and Board member at the Annual General Meeting on March 27, 2024. The Election Committee also proposes the re-election of the Board members Matti Alahuhta, Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm. AB Volvo's current Chairman of the Board Carl-Henric Svanberg will not stand for re-election.

The Election Committee of AB Volvo comprises representatives of four of the company's largest shareholders, who together represent approximately 15.9 percent of the shares and approximately 39.6 percent of the votes, and the Chairman of the Board. The members who represent the largest shareholders are Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta) and Anders Algotsson (AFA Insurance).

February 20, 2024

For further information, please contact: 
Claes Eliasson, Head of Media Relations,+46 76 553 7229 
press@volvo.com

For more information, please visit volvogroup.com
For frequent updates, follow us on X: @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 more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.

The following files are available for download:

https://mb.cision.com/Main/39/3932431/2617873.pdf	Proposal for Board of Directors of AB Volvo
https://news.cision.com/ab-volvo/i/volvogroup2-1860x1050,c3269743	VolvoGroup2 1860x1050

 

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SOURCE AB Volvo

FAQ

Who is proposed to be the new Chairman of the Board at AB Volvo?

Pär Boman is proposed to be the new Chairman of the Board at AB Volvo.

Which Board members are proposed for re-election at AB Volvo?

Matti Alahuhta, Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, and Helena Stjernholm are proposed for re-election at AB Volvo.

Who is the current Chairman of the Board at AB Volvo?

The current Chairman of the Board at AB Volvo is Carl-Henric Svanberg.

What is the percentage of shares represented by the Election Committee of AB Volvo?

The Election Committee of AB Volvo represents approximately 15.9 percent of the shares and approximately 39.6 percent of the votes.

When is the Annual General Meeting of AB Volvo scheduled to take place?

The Annual General Meeting of AB Volvo is scheduled to take place on March 27, 2024.