Volvo 2001 Annual Report Download - page 57

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Report on Board activities
during 2001
In 2001, Volvo’s Board of Directors
consisted of seven members up to
the Annual General Meeting, and
eight members thereafter, all elected
by the shareholders. In addition, the
Board had three members and two
deputy members appointed by
employee organizations. The
President of AB Volvo is a member
of the Board. During 2001, the Board
held six regular meetings and two
special meetings.
The Board has adopted work pro-
cedures for its internal activities that
contain i.a. rules pertaining to the
number of Board meetings, matters
to be handled at regular meetings of
the Board and duties incumbent on
the Chairman.
The Board has also issued written
instructions specifying when and
how information that is required to
enable the Board to evaluate the
Company’s and Group's financial
position, should be reported to the
Board, as well as the distribution of
work between the Board and the
President, and in which circum-
stances the Executive Vice President
is to substitute the President.
During the year, the Board
reviewed the economic and financial
position of the Company and Group
on a regular basis. The Board also
dealt regularly with matters involving
divestments, acquisitions, the estab-
lishment of new operations, and mat-
ters related to investments in prod-
uct renewal and product develop-
ment in the Group’s different busi-
ness areas.
Lars-Göran Larsson
Born 1947. Employee representative.
With Volvo since 1974.
Member of Volvo Board since 1994.
Holdings: 94 Volvo shares, including 50 Series B
shares.
Olle Ludvigsson
Born 1948. Employee representative.
With Volvo since 1968.
Deputy member of Volvo Board, 1983–1988;
regular member since 1988.
Holdings: 105 Volvo shares, including 55 Series B
shares.
Johnny Rönnkvist
Born 1947. Employee representative.
With Volvo since 1965.
Member of Volvo Board since 1999.
Holdings: 160 Volvo shares, including 50 Series
Bshares.
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Deputy members of the Board
Stellan Rosengren
Born 1960. Employee representative.
With Volvo since 1985.
Deputy member of Volvo Board since 1999.
Holdings: 150 Volvo Series B shares.
Berth Thulin
Born 1951. Employee representative.
With Volvo since 1975.
Deputy member of Volvo Board since 1999. Deputy
member of Volvo Wheel Loaders and Board member of
Volvo Construction Equipment Customer Support AB.
Holdings: 100 Volvo Series B shares.
Secretary of the Board
Eva Persson
Born 1953. Master of Laws.
Senior Vice President and General Counsel, AB Volvo.
Secretary to Volvo Board since 1997.
Auditors
Olof Herolf
Authorized Public Accountant,
PricewaterhouseCoopers.
Olov Karlsson
Authorized Public Accountant,
PricewaterhouseCoopers.
Deputy Auditors
Olof Enerbäck
Authorized Public Accountant,
PricewaterhouseCoopers.
Klas Brand
Authorized Public Accountant,
PricewaterhouseCoopers.
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Board members designated by
employee organizations
Finn Johnsson
Born 1946, Master of Business Administration.
Board Chairman: MVI Ltd, Region Väst Handelsbanken,
Wilson AB, Thomas Concrete Group and Bilisten. Board
member: Skanska AB, Kalmar Industries AB and
Industrivärden. President of Mölnlycke Health Care AB.
Member of Volvo Board since 1998.
Holdings: 2,000 Volvo Series B shares.
Louis Schweitzer
Born 1942. Bachelor of Law.
Board Chairman and CEO of Renault S.A. since 1992.
CFO and Executive Vice President 1988–1990.
President and Chief Operating Officer 1990–1992.
With Renault since 1986.
Board member: Compagnie Financière Renault, R.C.I.
Banque, I.F.R.I. (Institut Français de Relations
Internationales), Fondation Nationale de Sciences
Politiques, Philips and Electricité de France.
Member of Volvo Board since 2001.
Holdings: 2,000 Volvo B shares.
Ken Whipple
Born 1934. Bachelor of Business and Engineering.
CEO of Glenlore Enterprises.
Board member: CMS Energy Corporation and 14 JP
Morgan Fleming Mutual Funds.
Member of Volvo Board since 2001.
Holdings: none.
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