Volvo Group — Remuneration Information 2020

May 12, 2020

VOLVO VOLVO GROUP

PRESS RELEASE

AB Volvo’s Election Committee revises its proposal to the Annual General Meeting on remuneration to the Board

The Election Committee of AB Volvo now propose that the remuneration to the Board members of AB Volvo for the coming year shall be the same as decided in 2019.

All proposals from the Election Committee to the Annual General Meeting are available on AB Volvo’s website; www.volvogroup.com.

May 12, 2020

For further information about the Election Committee, please contact: Bengt Kjell, Chairman of the Election Committee +46 70 594 53 98

For more information, please visit volvogroup.com/press

The Volvo Group drives prosperity through transport solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs 104.000 people and serves customers in more than 190 markets. In 2019, net sales amounted to about SEK 432 billion (EUR 40.5 billion). Volvo shares are listed on Nasdaq Stockholm.

AB Volvo (publ)
Media Relations
SE-405 08 Gothenburg
Sweden
Telephone
+46 76 553 72 29
Web
www.volvogroup.com