Volvo Group’s 2011 Capital Market Day
At Volvo’s Capital Market Day in Stockholm on November 8, 2011 President and CEO Olof Persson informed about the Group’s new financial targets that were announced on September 22, 2011, and the new organization that applies from 2012. He also emphasized the major growth potential he sees in the existing businesses which, combined with higher cost efficiency, over time gives the Group the potential to increase its operating margin by at least 3 percentage points, thus facilitating achievement of the new financial targets.
AB Volvo evaluates the possibility of divesting Volvo Aero
On November 21, 2011 it was announced that AB Volvo, as a step in further streamlining the Volvo Group towards commercial vehicles, had initiated a process aimed at divesting Volvo Aero.
Carl-Henric Svanberg proposed as new Chairman of AB Volvo
On December 12, 2011 the Election Committee of AB Volvo proposed the election of Carl-Henric Svanberg as new Chairman of the Board at the Annual General Meeting on April 4, 2012. AB Volvo’s current Chairman Louis Schweitzer has declined reelection.
The Election Committee also proposed the reelection of Board members Peter Bijur, Jean-Baptiste Duzan, Hanne de Mora, Anders Nyrén, Ravi Venkatesan, Lars Westerberg, Ying Yeh and Olof Persson.