Volvo 2012 Annual Report Download - page 87

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sales and marketing divisions: Group Trucks
Sales & Marketing Americas (with responsibility
for North and South America), Group Trucks
Sales & Marketing EMEA (with responsibility for
Europe, the Middle East and Africa) and Group
Trucks Sales & Marketing and JVs APAC (with
responsibility for Asia and the Pacific region and
for the Group’s joint-venture truck companies).
There is also a division with responsibility for
product development of engines, transmissions
and trucks as well as for purchasing: Group
Trucks Technology (GTT). Finally, Group Trucks
Operations (GTO) is a division within Group
Trucks with responsibility for production of
trucks and the Group’s engines and transmis-
sions. GTO is also responsible for the Group’s
spare parts supply and logistics operations.
There are seven Corporate Functions: Corpo-
Governance documents
Another key component of the governance and
control is the Group’s policies and directives,
such as the Code of Conduct and policies per-
taining to investments, financial risks, accoun-
ting, financial control and internal audit, which
contain Group-wide operating and financial
rules for the operations, as well as responsibility
and authority structures.
Organizational structure
The Volvo Group’s business activities are orga-
nized into six business areas: Group Trucks,
Construction Equipment, Buses, Volvo Penta,
Governmental Sales and Volvo Financial Services.
The Group Trucks operations, which account
for almost two-thirds of the Group’s total sales,
are organized into five divisions. There are three
Chief Executive Officer
Corporate Strategy
Corporate Public & Environmental Affairs Corporate Legal & Compliance
Volvo Penta
Corporate Human Resources Corporate Finance & Control
Construction
Equipment
Group Trucks
Sales & Marke-
ting EMEA
Group
Trucks
Technology
Group Trucks
Sales & Marke-
ting Americas
Business
Areas
Group Trucks
Sales & Marke-
ting and JVs
APAC
Volvo
Financial
Services
Group
Trucks
Operations
Corporate Communication Corporate Process & IT
Buses
Governmental Sales
GROUP TRUCKS
rate Human Resources, Corporate Public &
Environmental Affairs, Corporate Communica-
tion, Corporate Finance & Control, Corporate
Legal & Compliance, Corporate Process & IT
and Corporate Strategy, providing support to the
CEO and the Group Executive Team with exper-
tise in each Corporate Function area and deve-
loping standards for the entire organization
through policies, directives and guidelines.
In addition there are more than twenty Group
Functions that provide services and/or products
to the entire Group, for example Volvo IT and
Business Services.
83