New President named for Mack Trucks

Paul Vikner, currently President and CEO of Volvo’s American subsidiary Mack Trucks, will leave his position on April 1 this year. He will be succeeded by Dennis Slagle, currently head of Volvo Construction Equipment’s operations in North America, who will also become a new member of Volvo’s Group Executive Committee.

Dennis Slagle, 53, has more than 25 years of experience in the construction equipment industry – where Mack holds a very strong position –including a period as President of VCE's largest dealer in the US.

“Trucks for the construction industry are a major part of Mack’s core business, and Dennis Slagle’s unique background within the industry will be a great advantage for the company in the future,” says Volvo CEO Leif Johansson.

Vikner will remain a member of the Group Executive Committee through July this year. Concurrent with leaving his position as President and CEO, Vikner will take over as Vice Chairman of Mack Trucks. He will also continue to work for the Volvo Group in the U.S. in the role of advisor on public affairs issues.

January 15, 2008

Reporters who want more information, please contact Mårten Wikforss at +46 31 66 11 27 or +46 705 59 11 49

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AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 16.00 p.m. 20080115.