Volvo 2011 Annual Report Download - page 13

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New organization FAQ
1.
What will the new organization bring that is
so much better?
Governance will become clearer and more efficient with
a clearer focus on brands and customers. Branded com-
panies in the truck business previously operated as both
independent units and part of a wider Group structure.
The branded companies’ operations, product planning,
product development and manufacturing are now coordi-
nated centrally, directly under the CEO, with a clear divi-
sion of responsibilities and minimum overlaps.
2. What happens to Volvo Trucks, Renault
Trucks, Mack and UD Trucks?
Sales and marketing of all of the truck companies is
organized in three regional organizational units. Group
Trucks Sales and Marketing Americas (comprising all of
North and South America) with global responsibility for
the Mack brand, under the leadership of Dennis Slagle.
Group Trucks Sales and Marketing EMEA (comprising
Europe, the Middle East and Africa) with global responsi-
bility for the Volvo and Renault brands, under the leader-
ship of Peter Karlsten. Group Trucks Sales & Marketing
APAC (comprising Asia and Pacific) with global responsi-
bility for the UD Trucks brand, UD, under the leadership of
Joachim Rosenberg. All product development and pro-
duction of trucks and engines is organized in two new
central units: Group Trucks Technology and Group Trucks
Operations. There are no changes to the financial external
reporting – truck companies report their earnings com-
bined as previously.
3. What happens with Volvo CE?
The organization remains intact. The Head of Volvo CE,
Pat Olney, continues to report directly to the CEO, Olof
Persson. With respect to financial external reporting, there
is no change – the business areas report their results as in
the past.
4. What happens with Volvo Buses, Volvo Penta
and Volvo Aero?
The companies are organized under Business Areas,
headed by Håkan Karlsson. Per Carlsson has assumed
the position as new Head of Volvo Buses. Göran Gummeson
remains Head of Volvo Penta until April 1, 2012 when he
is succeeded by Björn Ingemansson, but he no longer
reports directly to the CEO. Staffan Zachrisson remains
Head of Volvo Aero but does not any longer report
directly to the CEO. With respect to financial external
reporting, there is no change – the business areas report
their results as in the past.
5. What happens with Volvo Financial Services?
The company is organized under Finance and Business
Support headed by the new CFO Anders Osberg. Martin
Weissburg continues to head Volvo Financial Services
but does not any longer report directly to the CEO. With
respect to financial external reporting, there is no change
– the business areas report their results as in the past.
6. What happens with the different
business units?
Production is organized under Group Trucks Operations
headed by Mikael Bratt, while product development is
under Group Trucks Technology headed by Torbjörn Holm-
ström. Volvo Parts has been divided into various units
based on their specific operations. The logistics portion
of Parts, as well as Remanufacturing, falls under Group
Trucks Operations. Purchasing is organized under Group
Trucks Technology, where all other purchasing activities
are collected.
Volvo Logistics falls under Group Operations, where all
logistics are handled.
Volvo Business Services, Volvo IT and Volvo Group
Real Estate are organized under Finance and Business
Support.
Volvo Technology and Non-automotive Purchasing (NAP)
are organized under Group Trucks Technology.
9