Lars Stenqvist joins Volvo Group management

Lars Stenqvist has been appointed member of the Volvo Executive Board and
Executive Vice President of Volvo Group Trucks Technology, the Volvo Group’s
technology and product development organization for trucks. He will also hold
the title of Volvo Group Chief Technology Officer.
Lars Stenqvist was born in 1967 and has been active for many years in the heavy
vehicles industry, with several years of international experience. Today he is
working for the Volkswagen Group as head of research and development for trucks
and buses. Before then he worked within the Swedish truck maker Scania.

Lars Stenqvist replaces Torbjörn Holmström, who will be employed as the Volvo
Group’s senior advisor on research and development. He will assume his new
assignment in October, 2016.

April 6, 2016

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 100,000 people, has production facilities in 18 countries and
sells its products in more than 190 markets. In 2015 the Volvo Group’s sales
amounted to about SEK 313 billion (EUR 33.4 billion). The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed
on Nasdaq Stockholm. For more information, please visit www.volvogroup.com or
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AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 08:30 a.m. April 6, 2016.