New President and CEO Volvo Trucks North America

NEW PRESIDENT AND CEO FOR VOLVO TRUCKS, NORTH AMERICA Karl-Erling Trogen, Senior Vice President AB Volvo, has been appointed acting President and CEO Volvo Trucks, North America as from February 2, 2001. Marc Gustafson, President and CEO for Volvo Trucks, North America, since 1996, has decided to leave his position as President and CEO. - I would like to express my appreciation for Marc's contribution during a difficult period for the company, says Tryggve Sthen, President and CEO for Volvo Global Truck Corporation. February 2, 2001 For more information, please contact:Tommy Kohle, Tel: +46-706-76 65 17 ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.