Volvo 2002 Annual Report Download - page 30

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28/29
Board of Directors and Auditors
Board of Directors
and Auditors
Board members elected by Annual
General Meeting
Lars Ramqvist
Chairman. Born 1938, Dr. of Philosophy.
Hon. Dr. of Technology, Hon. Dr. of Philosophy.
Honorary Chairman: Telefonaktiebolaget LM
Ericsson.
Board member: Svenska Cellulosa Aktiebolaget
SCA. Member of the Royal Swedish Academy of
Sciences and the Royal Swedish Academy of
Engineering Sciences.
Member of Volvo Board since 1998.
Holdings: 1,000 Volvo Series A shares.
Per-Olof Eriksson
Born 1938, Master of Engineering,
Hon. Dr. of Technology.
Board Chairman: SAPA AB, Svenska Kraftnät,
Thermia AB and Odlander, Fredriksson & Co.
Board member: Sandvik AB, AB Custos, Svenska
Handelsbanken, SSAB Svenskt Stål AB, Preem
Petroleum AB, Skanska AB and Assa Abloy.
Member of the Royal Swedish Academy of
Engineering Sciences.
Member of Volvo Board since 1994.
Holdings: 6,000 Volvo shares, including 1,000
Series B shares.
Patrick Faure
Born 1946. Bachelor of Laws.
Executive Vice President of Renault S.A. and
Chairman and CEO of Renault F1 since 1991.
Chairman and CEO of Renault V.I. 1998–2001.
With Renault since 1979.
Board member: VINCI.
Member of Volvo Board since 2001.
Holdings: 2,000 Volvo Series B shares.
Tom Hedelius
Born 1939, Master of Business Administration,
Hon. Dr. of Economics.
Board Chairman: AB Industrivärden, Bergman &
Beving AB.
Vice Chairman: Telefonaktiebolaget
LM Ericsson, Addtech AB and Lagercrantz Group AB.
Honorary Chairman: Svenska Handelsbanken.
Board member: Svenska Cellulosa Aktiebolaget
SCA.
Member of Volvo Board since 1994.
Holdings: 2,000 Volvo Series A shares.
Leif Johansson
Born 1951, Master of Engineering.
President of AB Volvo and Chief Executive
Officer of the Volvo Group.
Member of Volvo Board since 1997.
Holdings: 36,724 Volvo shares, including 30,000
Series B shares. 63,866 options.
Finn Johnsson
Born 1946, Master of Business Administration.
President of Mölnlycke Health Care AB.
Board Chairman: Handelsbanken Region Väst,
Wilson Logistics Holding AB, Thomas Concrete
Group AB and Maersk Medical A/S.
Board member: Skanska AB and AB Industrivärden.
Member of Volvo Board since 1998.
Holdings: 2,000 Volvo Series B shares.
Report on Board activities
during 2002
In 2002, Volvo's Board of Directors consisted of
eight members elected by the shareholders at
the Annual General Meeting. 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 2002, the Board held six regular
meetings and one extraordinary meeting.
The Board has adopted work procedures 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 circumstances the Executive Vice
President is to substitute the President.
During the year, the Board reviewed the
financial position of the Company and Group on
a regular basis. The Board also dealt regularly
with matters involving divestments, acquisitions,
the establishment of new operations, and matters
related to investments in product renewal and
product development in the Group’s different
business areas.