“In the past decade, the development of the Volvo Group has been fantastic,” says Olof Persson, President and CEO of the Volvo Group. “We have built up a global business portfolio, with strong brands, competitive products and excellent distribution channels. We are now taking the next step to further capitalize on the potential of this business portfolio. We see major potential in increasing our sales in for example Asia through specially developed and adapted products for our customers in the region.”
The aim of the Volvo Group’s new organization for truck operations, with three new sales and marketing organizations, is to better capitalize on the global potential in products and brands. Furthermore, an organization will be created for product development and purchasing, as well as an organization in which all manufacturing is concentrated.
“My aim with the new organization is for the Volvo Group to also become more cost effective and agile, with clear decision paths and increased customer focus,” says Olof Persson.
AB Volvo’s Board has already decided to introduce new financial targets for the Volvo Group applying from 2012. One of the targets is that the operating margin for trucks, buses, construction equipment operations and Volvo Penta will be among the two highest compared with their respective competitors.
November 8, 2011
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