Proposal for Board of Directors of AB Volvo

Rhea-AI Summary

The Election Committee of AB Volvo has proposed the re-election of Chairman Pär Boman and all current Board members including Matti Alahuhta, Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, and Helena Stjernholm.

The Election Committee comprises representatives of Volvo's four largest shareholders, collectively representing 16.4% of shares and 39.9% of votes, along with the Board Chairman. The committee members include Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta), and Anders Algotsson (AFA Insurance).

Volvo Group, headquartered in Gothenburg, Sweden, reported net sales of SEK 527 billion (EUR 46 billion) in 2024, employs over 100,000 people, and operates in nearly 190 markets.

Positive

• Board stability maintained through proposed re-election of all current members
• Strong shareholder representation in Election Committee with 39.9% voting power
• Robust financial performance with SEK 527 billion in 2024 net sales

Negative

• None.

Press information from AB Volvo's Election Committee

GOTHENBURG, Sweden, Feb. 24, 2025 /PRNewswire/ -- The Election Committee of AB Volvo proposes the re-election of the Chairman of the Board Pär Boman, as well as 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.

The Election Committee of AB Volvo comprises representatives of four of the company's largest shareholders, who together represent approximately 16.4 percent of the shares and approximately 39.9 percent of the votes, and the Chairman of the Board Pär Boman. 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).

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 LinkedIn

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 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ab-volvo/r/proposal-for-board-of-directors-of-ab-volvo,c4110054

The following files are available for download:

https://mb.cision.com/Main/39/4110054/3282222.pdf	Press Release - Proposal for Board of Directors of AB Volvo
https://news.cision.com/ab-volvo/i/1860x1050volvogroup,c3380341	1860x1050VolvoGroup

View original content:https://www.prnewswire.com/news-releases/proposal-for-board-of-directors-of-ab-volvo-302383649.html

SOURCE AB Volvo

FAQ

Who are the proposed Board members for AB Volvo (VLVLY) in 2025?

The Election Committee has proposed the re-election of Chairman Pär Boman and 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.

What percentage of voting power does Volvo's Election Committee represent in 2025?

The Election Committee represents approximately 39.9% of the votes and 16.4% of the shares in AB Volvo.

What was AB Volvo's (VLVLY) net sales figure for 2024?

AB Volvo reported net sales of SEK 527 billion (EUR 46 billion) for 2024.

Which major shareholders are represented in AB Volvo's Election Committee?

The major shareholders represented are AB Industrivärden, AMF and AMF Funds, Alecta, and AFA Insurance through their respective representatives.