Tina Hultkvist to resign as Volvo Group Chief Financial Officer and member of the Executive Board

Tina Hultkvist has decided to resign from her role as Volvo Group Chief Financial Officer and member of the Executive Board. She has 25 years of experience at Volvo Group and has served as the Volvo Group CFO since March 2022. Jan Ytterberg, previously Volvo Group Chief Financial Officer and member of the Executive Board, and currently in the role of Volvo Group senior advisor, will step in as acting CFO.

Tina Hultkvist will leave her role with immediate effect but stands available to the company´s disposal during 2023. The process of recruiting a successor has been initiated.

February 3^rd, 2023

For more information, please visit volvogroup.com

About Volvo

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2022, net sales amounted to SEK 474 billion (EUR 45 billion). Volvo shares are listed on Nasdaq Stockholm.