Johan Carlsson appointed new President of Volvo Technology Transfer

Johan Carlsson appointed new President of Volvo Technology Transfer

Johan Carlsson, currently Head of Fortos, a unit within Volvo IT, has been
appointed the new President of Volvo Technology Transfer (VTT).  Johan Carlsson
will assume the position on June 1, 2010, when his predecessor Anders Brännström
retires.

Johan Carlsson has served as Head of Fortos since March 2007 with responsibility
for such areas as the development of the operations. Before starting at Fortos,
he served as Investment Director at VTT.

“Accepting the challenge as President of Volvo Technology Transfer is a
fantastic source of inspiration,” says Johan Carlsson. “VTT provides the Volvo
Group with a unique development platform for new businesses, and the strength of
the organization lies in its combination of in-depth industrial expertise and a
risk-capital approach. It will be exciting to once again work with daring
entrepreneurs with innovative ideas.”

Volvo Technology Transfer AB specializes in developing and supporting new
businesses that are relevant to the Volvo Group. This work involves investing in
companies and projects that are of technical and commercial interest. The
company also supports the development of entrepreneurship and innovation in
Volvo. 

April 8, 2010

Reporters who want more information, please contact Pär Aronsson, AB Volvo, +46
31 66 13 73 or +46 706 65 13 73.

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 90,000 people,
has production facilities in 19 countries and sells their products in more than
180 markets. In 2009 annual sales of the Volvo Group amounted to about SEK 218
billion. The Volvo Group is a publicly-held company headquartered in Göteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more
information, please visit www.volvogroup.com or www.volvogroup.mobi if you are
using your mobile phone.