Tony Helsham, Senior Vice President responsible for soft products, resigned from the Group Executive Committee on March 31, 2010.

Martin Weissburg has been appointed as new President of the Volvo Group’s customer finance company, Volvo Financial Services (VFS). Weissburg assumed his new position on May 15, 2010 and replaced Salvatore L Mauro, who was appointed new head of the Volvo Group’s representation office in New York.

On December 8, 2010 Leif Johansson informed his intention to resign as CEO of the Volvo Group in conjunction with his 60th birthday in the summer of 2011.