Change in Volvo's Group Executive Committee

Change in Volvo's Group Executive Committee

Tony Helsham, Senior Vice President responsible for coordinating the Volvo
Group's aftermarket business, will be leaving the Group Executive Committee on
March 31, 2010.  

Tony Helsham, 56, has worked at Volvo since 1985 and held several positions in
the Construction Equipment division during his extensive career with the Group.
His positions have included being responsible for the integration of Samsung's
excavator equipment operations, following Volvo's acquisition of the business in
1998. From 2000 to 2008, he was President of Volvo Construction Equipment. 

“I have had 25 fantastic years with Volvo, but after living outside my native
country, Australia, for 32 years, I began to feel that it is time to return
closer to home and my family,” says Tony Helsham.

“Tony Helsham has worked for the Group in Hong Kong, as well as North America,
South Korea, Belgium and Sweden and I want to take the opportunity to thank him
for his excellent input during his many years at Volvo,” says Volvo's CEO Leif
Johansson. 

Volvo will be conducting a review to determine how the matter of a successor
will be resolved. 

February 26, 2010

For more information, please contact Mårten Wikforss, +46 (0)31-66 11 27 or +46
705 59 11 49.

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The Volvo Group is one of the world's leading manufacturers of trucks, buses and
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