The Nomination Committee of Volvo Car AB (publ) has decided to submit the following proposals for resolution at the Annual General Meeting of shareholders on March 26, 2024:
The Board of Directors shall comprise nine members without any deputy members.
Re-election as members of the Board of Directors: Eric Li (Li Shufu), Daniel (Donghui) Li, Lone Fonss Schroder, Jonas Samuelson, Diarmuid O'Connell, Lila Tretikov, Jim Rowan, Anna Mossberg and Ruby Lu.
Eric Li to be re-elected as Chairperson of the Board of Directors and Lone Fonss Schroder as Vice Chairperson.
If the Nomination Committee's proposal is approved by the Annual General Meeting, 44 per cent of the board members will be women.
The Nomination Committee consists of:
Tom Johnstone, appointed by Geely Sweden Holdings AB
Yimin Chen, appointed by Geely Sweden Holdings AB
Eric Li, Chairperson of the Board of Directors of Volvo Car AB
Anders Oscarsson, appointed by AMF
Emilie Westholm, appointed by Folksam
Tom Johnstone is the Chairperson of the Nomination Committee.
Information about the Nomination Committee's statement and the complete proposal will be made available on the Volvo Car investor relations website on 23 February 2024 when the notice to the Annual General meeting is published, https://investors.volvocars.com.
Volvo Cars in 2022
For the full year 2022, Volvo Car Group recorded an operating profit of SEK 22.3 billion. Revenue in 2022 amounted to SEK 330.1 billion, while global sales reached 615,121 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 by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
As of December 2022, Volvo Cars employed approximately 43,200 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, Camarillo (US) and Shanghai (China).
For further information please contact:
Volvo Cars Media Relations
+46 31-59 65 25
media@volvocars.com
Volvo Cars Investor Relations
John Hernander
+46 31-793 94 00
investors@volvocars.com
VOLVO CAR AB 
