GOTEBORG, Sweden, Sept. 7, 2004 (PRIMEZONE) -- Goran Gummeson has been appointed the new President of Volvo Penta. He succeeds Staffan Jufors, who was earlier appointed President of Volvo Trucks.
Goran Gummeson, who assumes his new duties on November 1, 2004, will also be a member of the Volvo Group Executive Committee.
Goran Gummeson, 57, has held various positions at Volvo Penta since 1991, with responsibility for both marine engines and industrial engines. Since 1998, he has been head of Volvo Penta's European operations, which account for approximately 50 percent of Volvo Penta's total sales.
``Together with the other members of Volvo Penta's executive team, Goran Gummeson has helped to create the preconditions for the past few years' impressive earnings development. With his thorough knowledge of the industry and its customers, Goran Gummeson will be able to lead Volvo Penta to a continued strong performance in the future," says Volvo CEO Leif Johansson.
September 7, 2004
For further information, please contact Marten Wikforss, +46-31 66 11 27
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 76,000 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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