Claes Nilsson appointed new head for Volvo Trucks Europe Division

Claes Nilsson appointed new head for Volvo Trucks Europe Division

Claes Nilsson has been appointed as the new President for the Europe Division at
Volvo Trucks. He is presently in charge of the International Division.

The Europe Division delivered 49,200 trucks in 2006, which represents 47% of the
company's 105,500 total deliveries. Volvo Trucks' Europe Division has expanded
significantly in the recent years due to heavy investments in the retail network
and the strong growth in Eastern Europe. Almost 8,000 employees are today
working in the European operation.

Claes Nilsson is replacing Roar Isaksen who is leaving the company. In his
previous capacity, Claes Nilsson was responsible for Retail Development in the
European Division. Claes Nilsson has a solid background in Volvo Trucks
management with many different positions. He was earlier heading the strategic
planning function in the company. The recruitment process to appoint a new
manager for the International Division has started today.

July 6, 2007

Image on Claes Nilsson is available for downloading at www.volvotrucks.info,
select VTC Management, and then Management Images.

For further information, contact Tommy Kohle, phone +4631666571 or +46706766517

Volvo Trucks sells trucks and  transport solutions, specialized in heavy trucks
with total weights above 16 tons. The company's products are marketed in more
than 130 countries. Volvo Trucks is part of the Volvo Group, 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.