Volvo chairman resigns
By IBI Magazine
Swedish transport group Volvo — which incorporates marine division Volvo Penta — today revealed that its chairman Finn Johnsson has resigned and is being replaced by Volvo board member Louis Schweitzer until the company's next annual general meeting.
"I have worked on various Volvo boards since 1989, in particular the board of AB Volvo, of which I have been a member since 1998 and chairman since 2004, but I need to free up time for a growing number of increasingly comprehensive assignments, which is why I am now leaving the board," says Johnsson.
"I could have left the board of directors at the next annual general meeting, but since a successor was available already now, the rest of the Board and I agreed that there was no reason to wait."
Louis Schweitzer has been a member of AB Volvo's board of directors since 2001. He currently serves as chairman of Astra Zeneca and is a board member of BNP Paribas, Véolia and L'Oréal.
(15 January 2010)
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