Changes in Volvo

Olof Persson will assume the position as president of Volvo Construction Equipment on November 1, 2008. He replaces Tony Helsham who will remain in the Volvo Group Executive Committee with a responsibility to support the growth of soft products in the Group. Olof Persson is currently president of Volvo Aero. He will, as of the same date, be replaced by Staffan Zackrisson, who is presently head of Marketing, Programs and Sales in Volvo Aero.