GOTEBORG, Sweden, Oct. 16, 2003 (PRIMEZONE) -- Volvo Trucks (Nasdaq:VOLVY) (Other OTC:VOLVF) (Other OTC:VOLAFK) today announced that Paul L Vikner, who has served since July 2001 as President and CEO of Mack Trucks, Inc., will become a member of Volvo's Group Executive Committee (GEC) effective January 1, 2004, reporting to Leif Johansson, President and CEO of the Volvo Group. The GEC is the highest-level management committee in the Volvo Group.
Vikner will continue to serve as President and CEO of Mack.
"Paul Vikner and the entire North American management team have made tremendous progress in strengthening the Mack brand since Volvo acquired the company in 2001," said AB Volvo President Leif Johansson. "We welcome Paul's participation on the Group Executive Committee, and look forward to continuing to work with him to ensure that Mack reaches its full potential as a member of the Volvo Group."
For further information, please contact: Marten Wikforss +46 31 66 11 27 Bob Martin +1 (610) 709 26 70
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