Mats Backman new Chief Financial Officer and member of the Volvo Group Executive Board

Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group´s Executive Board. He will succeed Jan Ytterberg, who as previously communicated, will continue as Volvo Group senior advisor.

Mats Backman has held many senior positions in Swedish industry and has extensive international experience. He has been the Chief Financial Officer for several well-known companies such as Sandvik, Autoliv and Veoneer.

He will take on his new position during the second half of 2023. The exact date is yet to be decided.

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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2022, net sales amounted to SEK 473 billion (EUR 45 billion). Volvo shares are listed on Nasdaq Stockholm.