Volvo 2011 Annual Report Download - page 157

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Controller, Executive Vice President and CFO, and President
of STC Venture AB; President and Chief Executive Officer
at OM International AB; Executive Vice President and
CFO at Securum; Director with executive responsibility
for Markets and Corporate Finance at Nordbanken;
Executive Vice President and CFO at Skanska.
6. Olof Persson
Born 1964. B. Sc. in Business Administration and Economics.
President of AB Volvo and Chief Executive Officer of the
Volvo Group since September 1, 2011. Member of the
Volvo Board since September 1, 2011. Holdings in Volvo,
own and related parties: 56,344 Series B Shares.
Principal work experience: Began his career at ABB; has
held a number of executive positions at AdTranz and
Bombardier; President of Mainline and Metros Division in
Bombardier; President of Volvo Aero; President of Volvo
Construction Equipment.
7. Ravi Venkatesan
Born 1963. MBA, Harvard Business School, and M.Sc.
Industrial Engineering, Purdue University. Board member:
Infosys Ltd., Advisory Board of Bunge Inc., Non Profit
Advisory Board Harvard Business School. Member of the
Volvo Board since 2008. Holdings in Volvo, own and
related parties: 700 Series B shares.
Principal work experience: Several leading positions
within the American engine manufacturer Cummins.
Chairman of Microsoft India and responsible for Microsoft’s
marketing, operational and business development efforts
in India.
8. Lars Westerberg
Chairman of the Audit Committee
Born 1948. M.Sc. Engineering, Bachelor Business
Administration. Board Chairman: Husqvarna AB. Board
member: SSAB, Sandvik AB and Stena AB. Member of
the Volvo Board since 2007. Holdings in Volvo, own and
related parties: 60,000 Series A shares.
Principal work experience: President and CEO of Gränges
AB, ESAB AB and Autoliv Inc.
9. Ying Yeh
Member of the Remuneration Committee
Born 1948. BA, Literature & International Relations.
Board member: ABB Ltd. Member of the Volvo Board
since 2006. Holdings in Volvo, own and related
parties: None.
Principal work experience: Journalist NBC, New York.
Numerous positions with the U.S. Government Foreign
Service in Burma, Hong Kong, Taiwan and Beijing. Various
positions with Eastman Kodak in China, latest as President
and Chairman, North Asia Region. Chairman of Nalco
Greater China.
Board members and deputies
appointed by employee organisations
10. Mikael Sällström
Employee representative, ordinary member. Born 1959.
With Volvo 1980–1999 and since 2009. Member of the
Volvo Board since 2009. Holdings in Volvo, own and
related parties: None.
11. Berth Thulin
Employee representative, ordinary member. Born 1951.
With Volvo since 1975. Deputy member of the Volvo
Board 1999–2009, member since 2009. Holdings in
Volvo, own and related parties: 1,425 Series B shares.
12. Peteris Lauberts
Employee representative, ordinary member. Born 1948.
With Volvo since 1999. Deputy member of the Volvo Board
2010–2011, member since November 30, 2011. Holdings
in Volvo, own and related parties: 216 Series A shares.
13. Lars Ask
Employee representative, deputy member. Born 1959.
With Volvo since 1982. Deputy member of the Volvo Board
since 2009. Holdings in Volvo, own and related parties:
406 shares, including 250 Series B shares.
Mats Henning
Employee representative, deputy member. Born 1961.
With Volvo since 1982. Deputy member of the Volvo
Board since November 30, 2011 Holdings in Volvo,
own and related parties: 250 Series B shares.
Changes in the Board
Board members elected by the Annual General
Meeting
Leif Johansson, CEO of the Volvo Group until and includ-
ing August 31, 2011, resigned from the Board at the
same time and was replaced as Board member by Olof
Persson from September 1, 2011, who then also
assumed the position as CEO.
Board members and deputies appointed by
employee organisations
As of November 30, 2011 Martin Linder left the Board and
was replaced by Peteris Lauberts, former deputy member
of the Board. Mats Henning was appointed new deputy as
of the same date.
Secretary to the Board
Eva Persson
Born 1953. Master of Laws. Executive Vice President
Corporate Legal & Compliance and General Counsel of
the Volvo Group. Secretary to the Volvo Board since 1997.
Holdings in Volvo, own and related parties: 60,036
shares, including 58,560 Series B shares.
Auditors
PricewaterhouseCoopers AB
Göran Tidström
Authorized Public Accountant.
Lead Auditor.
Auditor since 2006.
Other assignments: Auditor of Meda AB. President of
IFAC (International Federation of Accountants).
Born 1946.
Johan Rippe
Authorized Public Accountant.
Auditor since 2010.
Other assignments: Auditor of Getinge AB and Elanders AB.
Born 1968.