Olof Persson assumed the position as deputy President of AB Volvo and deputy CEO of the Volvo Group on May 1, 2011. He was previously President of Volvo Construction Equipment since 2008. Patrick Olney was appointed new President of Volvo Construction Equipment and he assumed his position on May 1, 2011, when he also became a member of the Group Executive Team.

On September 1, 2011, Olof Persson succeeded Leif Johansson as President of AB Volvo and CEO of the Volvo Group.

In conjunction with the introduction of the new organization on January 1, 2012, the following changes were made to Volvo’s Group Executive Team:

Staffan Jufors, President of Volvo Trucks, retired and thus resigned from the Group Executive Team.

Stefano Chmielewski, former President of Renault Trucks, Göran Gummeson, President of Volvo Penta, Satoru Takeuchi, President of UD Trucks, Martin Weissburg, President of Volvo Financial Services and Staffan Zackrisson, President of Volvo Aero, are not  included in the Group Executive Team as of January 1, 2012.

Stefan Johnsson resigned from his position as a director of the Group Executive Team responsible for HR matters and several business units.

Dennis Slagle, former President of North American Trucks and Mack Trucks, assumed a newly established position as Executive Vice President Group Trucks Sales & Marketing Americas, remaining a member of the Group Executive Team.

Peter Karlsten, former President of Volvo Powertrain and Senior Vice President Technology of the Volvo Group, assumed a newly established position as Executive Vice President Group Trucks Sales & Marketing EMEA, remaining a member of the Group Executive Team.

Joachim Rosenberg, formerly responsible for Volvo Group Asia Truck Operations, assumed a newly established position as Executive Vice President Group Trucks Sales & Marketing APAC, and became a member of the Group Executive Team.

Pär Östberg, formerly responsible for Trucks Asia, assumed a newly established position as Executive Vice President Truck Joint Ventures, remaining a member of the Group Executive Team.

Torbjörn Holmström, former President of Volvo 3P, assumed a newly established position as Executive Vice President Group Trucks Technology, and became a member of the Group Executive Team.

Mikael Bratt, former CFO of the Volvo Group, assumed a newly established position as Executive Vice President Group Trucks Operations, remaining a member of the Group Executive Team.

Håkan Karlsson, former President of Volvo Buses, assumed a newly established position as Executive Vice President Business Areas, remaining a member of the Group Executive Team.

Anders Osberg, former President of Volvo Treasury, assumed a newly established position as Executive Vice President Finance & Business Support and succeeded Mikael Bratt as CFO of the Volvo Group, with responsibility for among other things Volvo Financial Services and Volvo IT. He also became a member of the Group Executive Team.

Magnus Carlander, former President of Volvo IT, assumed a newly established position as Executive Vice President Corporate Process & IT, and became a member of the Group Executive Team.

Karin Falk, former President of Volvo Group Non-Automotive Purchasing, assumed a newly established position as Executive Vice President Corporate Strategy, and became a member of the Group Executive Team.

Kerstin Renard, former Senior Vice President Human Resources for the Volvo Group under Stefan Johnsson, assumed a newly established position as Executive Vice President Corporate Human Resources, and became a member of the Group Executive Team.

Eva Persson, Executive Vice President Corporate Legal & Compliance and General Counsel, Per Löjdquist, Executive Vice President Corporate Communication, Patrick Olney, Executive Vice President Volvo Construction Equipment and Jan-Eric Sundgren, Executive Vice President Public & Environmental Affairs, remain in the Group Executive Team and retain their current areas of responsibility materially unchanged.