Neelie Kroes resigns from Volvo Board of Directors
Neelie Kroes resigns from Volvo Board of Directors Following her nomination as EU commissioner with responsibility for competition matters, Neelie Kroes has decided to resign from the Board of Directors of AB Volvo as of September 1, 2004. Neelie Kroes was elected to AB Volvo's Board of Directors at the Annual General Meeting held on April 9, 2003. Previously, among other positions, she was Minister of Transportation in the Netherlands government and served as an advisor to the EU commissioner for transportation matters. The Netherlands decided in the beginning of August to nominate Neelie Kroes as an EU commissioner. "Neelie Kroes has been a skilled and active member of AB Volvo's Board and has been highly valuable in the Board's work. We regret that she is leaving Volvo's Board but wish her success in her new position," says Finn Johnsson, Board Chairman of AB Volvo. After the resignation of Neelie Kroes, Volvo's Board members elected by the Annual General Meeting are Per-Olof Eriksson, Patrick Faure, Haruko Fukuda, Tom Hedelius, Leif Johansson, Finn Johnsson, Louis Schweitzer and Ken Whipple. August 26, 2004 For further information, please contact Mårten Wikforss, +46 31-66 11 27, +46 705-59 11 49 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 Göteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London and Frankfurt and on NASDAQ in the US. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/26/20040826BIT21740/wkr0001.pdf