Volvo 2011 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2011 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 166

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166

A GLOBAL GROUP 2011
In the same manner, all product development and pro-
duction of trucks and engines are placed in two new cen-
tral organizational units under the CEO. The new organi-
zation was presented on October 4, 2011 and was set in
place on January 1, 2012.
Background to the change
The Volvo Group has grown significantly since the end
of the 1990s when the realignment toward commercial
vehicles began, and today the Group is one of the world’s
largest actors in heavy trucks, construction equipment,
buses and heavy diesel engines. The past ten years have
been characterized by major acquisitions and efforts to
integrate the acquired companies and create economies
of scale. However, companies are never done and the
reorganization now taking place is a natural next step for
becoming even better at assimilating the full potential of
our brands and the benefits of being a large global player;
we will acquire a clearer focus on our customers and their
needs. Going forward we need an organization that sup-
ports us in fulfilling our financial targets and our new
vision: to become the world leader in sustainable trans-
port solutions.
The Volvo Group has a new organization which better utilizes the global potential of
the brands and products within the truck operations. For example, the sales and
marketing of all of the truck companies is organized in three regional organizational
units, directly under the CEO.
VOLVO GROUP
NEW ORGANIZATION
Group Trucks
Sales &
Marketing
EMEA
Group Trucks
Sales &
Marketing
Americas
Group Trucks
Sales &
Marketing
APAC
Group Trucks
Operations Group Trucks
Technology Truck Joint
Ventures
Construction
Equipment Business
Areas
Finance &
Business
Support
Aim of the new organization
The new Volvo Group organization aims to create an even
more competitive company by:
• increased customer focus
• strengthening the brands
• clearer responsibilities and mandates
• a more agile organization
• speed in execution of strategies and decisions
• improved efficiency.
8