Background to the change

The Volvo Group has grown significantly since the end of the 1990s when the realignment toward commercial vehicles began, and today the Group is one of the world’s largest actors in heavy trucks, construction equipment, buses and heavy diesel engines. The past ten years have been characterized by major acquisitions and efforts to integrate the acquired companies and create economies of scale. However, companies are never done and the reorganization now taking place is a natural next step for becoming even better at assimilating the full potential of our brands and the benefits of being a large global player; we will acquire a clearer focus on our customers and their needs. Going forward we need an organization that supports us in fulfilling our financial targets and our new vision: to become the world leader in sustainable transport solutions.