Changes in Volvo Group Management

Regulatory News:

Sofia Frändberg has been appointed new Executive Vice President Corporate Legal & Compliance and General Counsel and member of Volvo Group (STO:VOLVA) (STO:VOLVB) Executive Team. She will assume her new position on April 1, 2013 and will succeed the current Executive Vice President Corporate Legal & Compliance and General Counsel, Eva Persson, who will be retiring. From January 1, 2013, Martin Weissburg, President of Volvo Financial Services, will also become a member of Volvo Group Executive Team.

Sofia Frändberg, born in 1964, started working within the Volvo Group in 1994. Since 1998, she has been Head of Corporate Legal at AB Volvo. Sofia Frändberg has many years’ experience of law and worked for the legal firm Vinge prior to joining Volvo.

Following the launch of the Volvo Group’s new organization, Martin Weissburg reported to the Volvo Group CFO Anders Osberg. From January 1, 2013, Martin Weissburg will become a member of Volvo Group Executive Team and will report to Olof Persson, President and CEO of the Volvo Group.

December 7, 2012

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For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

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