AB Volvo Proposes Board Renewal Ahead of April AGM

AB Volvo's Election Committee has proposed the re-election of ten existing board members at the company's Annual General Meeting, scheduled for April 8, 2026, with one notable departure from the current lineup.

The committee is recommending that Pär Boman continue as Chairman of the Board, alongside the re-election of Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz, and Helena Stjernholm. The sole change to the board's composition is the departure of Matti Alahuhta, who will not stand for re-election.

The Election Committee is made up of representatives from four of Volvo's major shareholders, collectively holding around 16 percent of the company's shares and approximately 39.8 percent of its votes. Those representatives are Fredrik Persson of AB Industrivärden, Anders Oscarsson of AMF and AMF Funds, Carina Silberg of Alecta, and Anders Algotsson of AFA Insurance, alongside Chairman Pär Boman.

The announcement was made on February 19, 2026. Shareholders will vote on the proposals at the April AGM in Gothenburg.