Change in Volvo Group management and organization in Asia
Pär Östberg, currently Executive Vice President Truck Joint Ventures (JVs) in the Volvo Group, has been appointed Executive Vice President of the holding company Industrivärden with responsibility for investment operations. In conjunction with Pär Östberg’s departure from the Volvo Group, Truck Joint Ventures will organizationally become part of Group Trucks Sales & Marketing and JVs APAC, headed by Joachim Rosenberg. As a result of this change, the former Group Trucks Sales & Marketing APAC operation will be renamed Group Trucks Sales & Marketing and JVs APAC.
Group Trucks Sales & Marketing and JVs APAC encompasses Asia and the Pacific region. Organizationally, it is also globally responsible for UD Trucks’ brand and product strategy. Under the previous organizational structure of the Volvo Group, Joachim Rosenberg was responsible for the former ATO, Asia Truck Operations.
Pär Östberg’s roles during his 22 years at Volvo have included being Group CFO and President of the former Trucks Asia business area. He has also served as CFO of Renault Trucks and President of Volvo Treasury in Singapore. He will take up his new position on October 1, 2012.
“I have had many wonderful years at the Volvo Group and worked with several companies and in different parts of the world,” says Pär Östberg. “I am particularly satisfied with the development of the truck and bus operations in Asia and the conditions that we have created for future growth.”
August 27, 2012
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The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 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.