by admin | May 14, 2020 | News. Finn Johnsson. Other current assignments: Chairman of The Royal Swedish Academy of Engineering Sciences (IVA) and Chairman of the European Round Table of Industrialists. Company structure. 20, 2020, 03:56 AM. Gothenburg, Sweden / Stuttgart, Germany – Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. Lone Fønss Schrøder. Independence: Independent in relation to the company and management as well as in relation to the company’s major shareholders. “The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. View AB Volvo, including Executives & Employees and Board of Directors, on Relationship Science. As a consequence of a reclassification of certain costs, a file with restated accounts per quarter and for the full year 2019 is available for download below. Shareholding in Sandvik (own and closely related persons): 5,000. Håkan Samuelsson. The Board of Directors of AB Volvo must meet independence requirements pursuant to the... Control over financial reporting. Chairman of the Board, elected in April 2012. Subsidiaries are all entities over which the Group has control. Ulf Liljedahl. Lundstedt, age 54, has served as President of AB Volvo, Chief Executive Officer of the Volvo Group, and a member of the Group Executive Board since October 2015. The Volvo Group uses key ratios in order to analyze trends and performance within the Group. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support In addition, Volvo's Board of Directors was expanded through the addition of Marcus Wallenberg, President of Investor. ), SSAB Svenskt Stål AB and Sandvik AB. The Board of Directors of Volvo Car AB (publ.) PRESS RELEASE PR Newswire . An Extraordinary General Meeting in AB Volvo ("Volvo") today approved the Board of Directors' resolution of a new share issue as a consequence of Volvo's agreement with Investor AB ("Investor") and the public offer to acquire shares in Scania AB ("Scania"). Present assignments: President, CEO and founder of Liljedahl Group. Committees of Metso Outotec Board of Directors Due to the extraordinary situation as a result of the COVID-19 pandemic, the Meeting was carried out through postal voting, without any physical attendance. Previously CEO of Skånebil and regional manager at AB Volvo Sverige. Learn more about cookies and how to refuse them at this link. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion. The Board of Directors (the "Board") approved the nomination of Mr. Martin Lundstedt for election at the Annual General Meeting of Stockholders (the "2021 Annual Meeting"). To accelerate the rollout of hydrogen-based fuel-cells, the two cellcentric shareholders call for a harmonized EU hydrogen policy framework to support the technology in becoming a viable commercial solution. Independence: Independent in relation to the company and management as well as in relation to the company’s major shareholders. The Shareholders' meeting has elected a Nomination Committee. The adjusted operating margin increased to a historically high 12.6% (7.8),” says Martin Lundstedt, President and CEO. However, there is a general uncertainty created by COVID-19 and the effects on the Volvo Group from the measures taken in various countries to slow down the spread of the virus. The Board of Directors’ of AB Volvo has decided to introduce new financial targets for the Volvo Group effective August 31, 2017. Styrelseledamot . In addition, Volvo Car Group has ownership interests in a number of strategic affiliates. Lundstedt, age 54, has served as President of AB Volvo, Chief Executive Officer of the Volvo Group, and a member of the Group Executive Board since October 2015. Born: 1952. Useful Links & Documents for Existing Suppliers. Principal work experience: Has held various positions at Asea Brown Boveri (ABB) and Securitas AB, President and CEO of Assa Abloy AB, President and CEO of Telefonaktiebolaget LM Ericsson, member of the External Advisory Board of the Earth Institute at Columbia University, the Advisory Board of Harvard Kennedy School and Board Chairman of BP plc. Matti Alahuhta, Eckhard Cordes, Eric Elzvik, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, Hanne de Mora, Helena Stjernholm and Carl-Henric Svanberg were reelected as members of the Board. He has been associated with Eicher Group from 1983 and since then has handled various assignments across the Tractor, Trucks, Buses, Gears and Engines Businesses. Board of Directors Independence requirements. By continuing, we assume that you accept such use. The key ratios are not defined by IFRS, unless otherwise is stated, whereby definitions and reconciliations of significant key ratios are presented in the annual report. Bulten's Board of Directors consists of six ordinary elected members, including the Chairman of the Board, who are elected for the period until the 2019 AGM. Board member since 2016. Volvo Group Treasury, the Volvo Group's internal bank, is responsible for the management of the interest bearing assets and liabilities, execution of foreign exchange transactions, funding operations and the financial infrastructure of the Volvo Group. Moreover, two employee representative and one employee representative deputy have been appointed. The Volvo Group has a strong financial position. Executive Management Team. Volvo Car Group . AB Volvo's Board of Directors Withdraws Proposal of Extra Dividend, Maintains Ordinary Dividend. Holdings in Volvo, own and related parties as per February 25, 2021: 2,000,000 Series B … Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Mr Westerberg also serves as chairman of the board of Husqvarna AB and is a director on the board of AB Volvo (publ. Styrelseordförande. The Volvo Group report on first three months 2021 was published on April, 22 2021 at 7.20 a.m. CEST. Board of Directors and Shareholders' Committees. This website uses cookies. Grace Reksten Skaugen holds 6,000 shares in Lundin Energy AB as at 31 December 2020. Thus, salary and employment conditions for other AB Volvo employees have been taken into account by including … Mr. Lundstedt, age 54, has served as President of AB Volvo, Chief Executive Officer of the Volvo Group, and a member of the Group Executive Board since October 2015. The Volvo Group report on the second quarter 2021 will be published on July 20, 2021. The Board of Directors’ of AB Volvo has decided to introduce new financial targets for the Volvo Group effective August 31, 2017. Håkan Samuelsson. Board of Directors. Current Board assignments: Board member of AB Industrivärden, AB Volvo and Telefonaktiebolaget LM Ericsson. … Board of Directors. Our Board of Directors is responsible for keeping the company at the forefront of advanced energy management solutions. Daniel Li. Volvo has had internal control processes for a long time. Chairman of the Board of Directors. Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. AB Volvo’s Board of Directors withdraws proposal for ordinary dividend – Volvo Indonesia. The Volvo Group has a strong financial position and good liquidity, but since the Board of Directors submitted its original dividend proposal the business environment has changed significantly. Under their guidance, Landis+Gyr will continue to be a globally recognized leader in an ever-changing industry. President and Chief Executive Officer, Member of the Board of Directors. The Group Executive Board is the highest operational decision forum in the Group, subordinated to the AB Volvo Board of Directors. Holdings in Volvo, own and related parties as per February 25, 2021: 2,000,000 Series B shares. Board & Shareholders´ Committees. Please be advised that we only handle questions related to the Volvo share. Education: MSc in Economics and Business Administration from School of Business, Economic and Law in Gothenburg. Mar. Risks & risk management. The Volvo Car Group includes Volvo Car AB (publ.) By continuing, we assume that you accept such use. With the ambition of becoming a leading global manufacturer of fuel-cell systems, cellcentric will build one of Europe’s largest planned series production of fuel-cell systems, with operation planned to commence in 2025. GOTHENBURG, Sweden, June 18, 2020 /PRNewswire/ -- AB Volvo held its Annual General Meeting on June 18, 2020. This website uses cookies. Many of the Group’s operations are, or will be, temporarily closed and it is currently not possible to assess the duration. Lars Westerberg has served as a board member of Stena AB since 2011. and its subsidiaries, including Volvo Car Corporation. Li Shufu. The Volvo Group reports truck deliveries on a quarterly basis in connection to the publication of the interim report. The Metso Outotec Board consists of Mikael Lilius as Chair, Matti Alahuhta as the Vice-Chair, and Klaus Cawén, Christer Gardell, Hanne De Mora, Antti Mäkinen, Ian W. Pearce, Kari Stadigh, Emanuela Speranza and Arja Talma as members. Select. The Board Members, Board Deputies and the President were discharged from liability for their administration during the 2020 fiscal year. Committees of the Board. The Volvo Group appreciates the value of sound corporate governance as a fundamental base in achieving a trusting relation with shareholders and other key parties. The good sales volumes, not least in the service business, and our own measures to keep costs down contributed to the adjusted operating income improving to SEK 11.8 billion (7.1). Committee work: Chairman of the Remuneration Committee. Learn more about cookies and how to refuse them at this link. Chief Executive. Useful Links & Documents for Existing Suppliers. Andreas Umbach, Chairman, is a Swiss and German citizen, born in 1963. In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an ordinary dividend of SEK 5.50 per share, but to withdraw the proposal of an extra dividend of SEK 7.50 per share. Information for shareholders, investors and analysts with the latest news, financial reports, the Volvo shares’ development and with a subscription service. AB Volvo’s Board of Directors withdraws proposal for ordinary dividend Tue, May 12, 2020 17:46 CET The Board of Directors of AB Volvo has decided to withdraw the proposal to the Annual General Meeting for an ordinary dividend of SEK 5.50 per share and instead proposes that no … Volvo Car AB is the parent company in Volvo Car Group. Chariman of AB Volvo (2004-2010) CEO of Mölnlycke Health Care (1998-2005) CEO of Euroc (1990-1995) Katarina Bonde. Education: MSc in Applied Physics, Linköping Institute of Technology, BSc Business Administration, University of Uppsala. has established the following four committees to which certain tasks have been delegated; (i) Audit Committee, (ii) People and Sustainability Committee, (iii) Product Strategy and Investment Committee, and (iv) Commercial Transformation Committee. Driver Interface; Adaptive high beam; Volvo Dynamic Steering; Driver Support Systems; I-See; I-Shift; Volvo I-Save; Tandem Axle Lift ; Heavy-duty bumper Here you will find information about credit rating and debt programmes. Member of the Board of Directors. Volvo FH16; Volvo FH; Volvo FM; Volvo FMX; New Heavy Duty Range; Used Trucks; Interactive Overview; Handbook Online; Something Big; Classic Trucks. In the preparation of the Board of Directors’ proposal for these remuneration guidelines, the Board has considered that the various benefits offered to the Executives need to be aligned with the general structures applicable for employees of AB Volvo at levels that are competitive in the market. Andreas Umbach . Financial transactions are carried out through Volvo Group Treasury within established risk mandates and limits. Martha Finn Brooks was elected as new member … Volvo Car Group is managed by the Executive Management Team, led by the CEO and overseen by the Board of Directors of Volvo Car AB … Born: 1947. Members of the Group Executive Board are the CEO, the Deputy CEO, CFO, the Presidents of Volvo Trucks, Renault Trucks, Mack Trucks, UD Trucks, Volvo Construction Equipment and the heads of Trucks Divisions and Group Functions. CEO of Kubi LLC; Board member of Nordax Bank, Micro Systemation, Mycronic, Propellerhead Software, The Sixth National AP fund (AP6), Opus Group and Imint Intelligence; Fredrik Adolfsson. Volvo FH16 Classic; Volvo FH Classic; Volvo FM Classic; Volvo FMX Classic; Features. Björn Annwall. Chairman of the board since 2020. Financial targets Corporate Governance Chairman of the Board, elected in April 2012. When signing up for the subscription your email address will be stored by Cision in order to provide you the service. Vice Chairman of the Board of Directors. / Digital event. April 22, 2021 She is currently the founder and Managing Director of Infovidi Board Services Ltd., a member of HSBC European Senior Advisory Council and Norway country advisor to Proventus AB. Board of Directors. If you wish to stop the subscription please use the opt-out link in the end of each press release e-mail. If the reconciliation is not directly reflected in the financial statements, a separate reconciliation is presented in the fila available for download below. Vinod Aggarwal is the Managing Director and Chief Executive Officer of VE Commercial Vehicles Ltd (VECV), a Joint Venture Company between AB Volvo of Sweden and Eicher Motors Limited. Tomas Kärnström GÖTEBORG, Sweden, March 19, 2020 /PRNewswire/ -- In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an ordinary dividend of SEK 5.50 per share, but to withdraw the proposal of an extra dividend of SEK 7.50 … By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to niche products and solutions. Carl-Henric Svanberg. Information about credit rating and debt programmes 2020 | News had internal control processes for a long time AB at. On a quarterly basis in connection to the publication of the Board of Directors Directors, on Relationship Science )... 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