Volvo Group President and CEO Leif Johansson to resign in the summer of 2011
After almost 14 years as President and CEO of Volvo, Leif Johansson in December informed the Board of AB Volvo of his intention to resign in conjunction with his 60th birthday in the summer of 2011. In conjunction with his resignation Leif Johansson will also leave the Board of AB Volvo.
The Volvo Group enters partnership with WWF to reduce CO2-emissions
The Volvo Group will be the world’s first vehicle manufacturer to join the World Wide Fund for Nature’s (WWF) Climate Savers Program. As a WWF partner, the Volvo Group’s truck companies undertake to reduce the CO2-emissions from vehicles manufactured between 2009 and 2014 by 13 million tons. Independent technical experts will oversee the results.
Volvo part of investigation by European Commission
In January 2011, Volvo Group and a number of other companies in the truck industry have become part of an investigation by the European Commission regarding a possible violation of EU antitrust rules.
Proposal for voluntary conversion of series A shares
In a letter to AB Volvo’s Board of Directors ahead of the Annual General Meeting (AGM) on April 6 this year, AB Volvo’s two largest shareholders – Renault S.A. and Industrivärden – have proposed an addendum to AB Volvo’s articles of association that would permit voluntary conversion of series A to series B shares.