The Board of Directors of AB Volvo has decided to appoint Martin Lundstedt, 47, as the President and Chief Executive Officer of the Volvo Group. Martin Lundstedt will assume his position in October 2015. His most recent role is as President and CEO of the Scania Group. Jan Gurander, the Group Chief Financial Officer, will be acting President and Chief Executive Officer in the interim.
AB Volvo hereby invites the media to a press conference on April 22, 2015 in conjunction with the release of the Volvo Group report for the first quarter 2015. Please notice the change of dates. The press conference will take place today at 9:00 a.m. at Tändstickspalatset in Stockholm.
In the first quarter of 2015 the effects of the Volvo Group’s strategic efficiency-improvement program continued to generate results. In several areas of the Group margins were improved, despite a negative market mix with significantly lower volumes in Brazil for trucks and in China for construction equipment.