GOTEBORG, Sweden, Feb. 3, 2004 (PRIMEZONE) -- The Chairman of Volvo, Lars Ramqvist, today announced that he is resigning from the Board with immediate effect. At a statutory meeting held following today's scheduled Board meeting, the Board elected Finn Johnsson as the new Chairman through to the Annual General Meeting.
Lars Ramqvist became Vice Chairman of Volvo's Board in 1998 and Chairman in 1999. The members of the Board extend a heartfelt thanks to Lars Ramqvist for the great commitment and the time he dedicated to his Board work. His experience and international network, not least in Asia, has been a major asset for Volvo. Lars Ramqvist has guided the Board work in Volvo in an exemplary manner. During his time as Chairman, the Board has reached many major and important decisions that resulted in extensive but positive changes in the Volvo Group. We thank Lars Ramqvist for his efforts on Volvo's Board Stockholm, February 2, 2004
Per-Olof Eriksson Neelie Kroes Patrick Faure Louis Schweitzer Haruko Fukuda Lars-Goran Larsson Tom Hedelius Ken Whipple Leif Johansson Olle Ludvigsson Finn Johnsson Johnny Ronnkvist Stellan Rosengren Berth Thulin
The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 71,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London and Frankfurt and on NASDAQ in the US.
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