Change in Volvo’s Group Executive Team

Jan Gurander, 52, has been appointed new CFO and member of Volvo’s Group
Executive Team. Jan Gurander will join the Volvo Group January 1, 2014. Gurander
was most recently CFO at Volvo Cars.
“Jan Gurander has long and solid experience as the CFO of several major
automotive companies and he is bringing this experience with him to the Volvo
Group,” says Volvo CEO Olof Persson.
Jan Gurander’s previous positions include that of CFO at Scania, MAN Diesel SE
and Volvo Cars. Jan Gurander will join the Volvo Group on January 1 and will
work alongside Anders Osberg until he assumes his position on March 1 2014. As a
member of Volvo’s Group Executive Team, Gurander will report to CEO Olof
Persson.

Volvo’s current CFO Anders Osberg will strengthen the management work on the
long-term development of the Business Areas of the Volvo Group. Osberg, 52, will
assume his new position on March 1, 2014, and report to Håkan Karlsson, who is
responsible for the Group’s business areas. When the Volvo Group launched its
new organization in 2012, the responsibility for the Volvo Construction
Equipment, Volvo Penta, Volvo Buses and Governmental Sales business areas was
amalgamated under the leadership of Håkan Karlsson.
“The business areas have a key role in contributing to the Group’s profitability
and, with the appointment of Osberg, we are strengthening our effort on the long
-term development of their business,” says Volvo CEO Olof Persson.

November 29, 2013

Journalists who would like further information, please contact

Mårten Wikforss, tel +46 31 66 10 30

AB Volvo (publ) is 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 for publication at 08.30 a.m. November
29, 2013