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AB Volvo (publ) (VOLV-B.ST)

Stockholm - Stockholm Real-time price. Currency in SEK
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283.00+0.40 (+0.14%)
As of 02:36PM CEST. Market open.

AB Volvo (publ)


Gothenburg 405 08
Sweden
46 31 66 00 00
https://www.volvogroup.com

Sector(s)Industrials
IndustryFarm & Heavy Construction Machinery
Full-time employees91,242

Key executives

NameTitlePayExercisedYear born
Mr. Martin Lundstedt M.Sc.CEO, President, Member of the Group Executive Board & Director38.92MN/A1967
Mr. Mats BackmanExecutive VP of Group Finance, CFO & Member of Group Executive BoardN/AN/A1968
Mr. Joachim RosenbergExecutive VP of Strategic Initiatives, Member of Group Executive Board & President of Volvo EnergyN/AN/A1970
Ms. Kina WilekeExecutive VP of Group Communication & Member of the Group Executive BoardN/AN/A1974
Mr. Bruno BlinExecutive VP of Volvo Group, President Renault Trucks & Member of the Group Executive BoardN/AN/A1963
Mr. Scott RafkinExecutive VP, Chief Digital Officer & Member of Executive BoardN/AN/A1969
Mr. Roger AlmExecutive VP, Member of Group Executive Board & President of Volvo TrucksN/AN/A1962
Ms. Andrea Fuder M.Sc, MBAChief Purchasing Officer, EVP of Group Trucks Purchasing & Member of the Group Executive BoardN/AN/A1967
Mr. Lars StenqvistCTO, Executive VP of Group Trucks Technology & Member of the Group Executive BoardN/AN/A1967
Mr. Melker JernbergExecutive VP, Member of Group Executive Board & President of Volvo Construction EquipmentN/AN/A1968
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SEK.

Description

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands. It offers road construction machine, haulers, wheel loaders, excavators, and compact equipment. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-highway applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repairs, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop batteries for its electric products; and an agreement with Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.

Corporate governance

AB Volvo (publ)’s ISS governance QualityScore as of 1 April 2024 is 8. The pillar scores are Audit: 5; Board: 6; Shareholder rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.