The Election Committee of AB Volvo proposes that Pär Boman be appointed new Chairman and Board member at the Annual General Meeting in March 2024. As previously announced, AB Volvo's current Chairman of the Board Carl-Henric Svanberg has declined re-election. Pär Boman is currently Chairman of AB Volvo's Election Committee.

He will step down from this role should the Annual General Meeting elect him as Chairman of the Board. In this event, he will how ever be proposed as a member of the Election Committee in his capacity as Chairman of the Board. The Election Committee of AB Volvo comprises representatives of four of the company's larger shareholders, who together represent approximately 16.1% of the shares and approximately 39.7% of the votes, in addition to the Chairman of the Board Carl-Henric Svanberg.

The members representing the larger shareholders are Pär Boman (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta) and Anders Algotsson (AFA Insurance).