Volvo Car AB (publ) today announces that Lone Fønss Schrøder has decided to step down from its Board of Directors, effective immediately. This is due to her appointment as Chairperson of the board of Geely Sweden Holdings. Geely Sweden Holdings has also informed that they will appoint Lone Fønss Schrøder as one of its representatives for Geely Sweden Holdings in Volvo Cars' Nomination Committee.
Lone Fønss Schrøder joined the Volvo Cars' Board in 2010 and became Vice Chairperson of the Board in 2018. Additionally, she has served as Chair of the Audit Committee. During her tenure in Volvo Cars' Board, she has played a vital role in her different capacities within the Board.
"On behalf of the board, I extend our sincere thanks to Lone for her 15 years of outstanding dedication and valuable contributions to the Volvo Cars Board", says Eric Li, Volvo Cars' Chairperson of the Board.
The Nomination Committee will consequently convene.
This disclosure contains information that Volvo Car AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-06-2025 17:58 CET.
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
+46 31-793 94 00
investors@volvocars.com
-------------------------------
Volvo Cars in 2024
For the full year 2024, Volvo Car Group recorded a record-breaking core operating profit of SEK 27 billion. Revenue in 2024 amounted to an all-time high of SEK 400.2 billion, while global sales reached a record 763,389 cars.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales to customers in more than 100 countries. Volvo Cars is listed on the Nasdaq Stockholm exchange, where it is traded under the ticker "VOLCAR B".
"For life. To give people the freedom to move in a personal, sustainable and safe way." This purpose is reflected in Volvo Cars' ambition to become a fully electric car maker and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.
As of December 2024, Volvo Cars employed approximately 42,600 full-time employees. Volvo Cars' head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars' production plants are located in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The company also has R&D and design centres in Gothenburg and Shanghai (China).
