Håkan Karlsson new president of Volvo buses

HÅKAN KARLSSON NEW PRESIDENT OF VOLVO BUSes Håkan Karlsson, 41, will assume the position of president of Volvo Bus Corporation on June 1 and will become a member of the Group Executive Committee. He succeeds Jan Engström who will assume another position within the Volvo Group that will be announced later. Håkan Karlsson is currently president of Volvo Logistics, a Group-wide unit responsible for transportation and logistics. "Jan Engström has done a great job and has worked hard with restructuring Volvo Buses and to reverse the company's earnings trend during a period with weak markets," says Volvo CEO Leif Johansson. "I am convinced that Håkan Karlsson is well suited to taking the baton and continuing with this trend toward improved profitability for Volvo's bus operations. This also represents the addition of a younger generation in Group Executive Committee." Håkan Karlsson has worked in Volvo since 1986 and has previously held senior positions within Volvo, including head of production for Volvo Trucks in Göteborg. April 14, 2003 For further information contact Mårten Wikforss, tel +46 705-591149 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/14/20030414BIT00260/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/14/20030414BIT00260/wkr0002.pdf