Volvo Cars' Nomination Committee has convened after Geely Sweden Holdings AB announced that it has appointed Lone Fønss Schrøder and Per Ansgar as its new representatives in Volvo Cars' Nomination Committee, replacing Thomas Johnstone and Yimin Chen, who have resigned.
In line with the principles adopted by Volvo Cars' Annual General Meeting and based on the shareholder information as of 30 August 2024 the Nomination Committee now consists of the following members:
- Lone Fønss Schrøder, appointed by Geely Sweden Holdings AB (new)
- Per Ansgar, appointed by Geely Sweden Holdings AB (new)
- Anders Oscarsson, appointed by AMF as the second largest shareholder
- Emilie Westholm, appointed by Folksam as the third largest shareholder
- Eric Li, Chairperson of the Board of Volvo Car AB
The Nomination Committee represents approximately 84 percent of the total voting rights of Volvo Car AB based on the ownership structure as of 30 August 2024.
Lone Fønss Schrøder will be the Chairperson of the Nomination Committee.
The Nomination Committee is continuously assigned to make proposals to the General Meeting in respect of the Chairperson at the General Meeting, elections of Board members and chairperson of the Board, remuneration of each Board member, election of auditor and remuneration to the auditor and, to the extent deemed necessary, proposals for amendments to the instruction for the Nomination Committee.
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
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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).
