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Volvo: Press Release From Volvo's Election Committee.


STOCKHOLM, Sweden -- In advance of AB Volvo's (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:VOLV) (STO:VOLVA) (STO:VOLVB) Annual General Meeting on April 4, 2007, Volvo's Election Committee has decided to propose that Peter Bijur, Per-Olof Eriksson, Tom Hedelius, Leif Johansson
For the tennis player, see Leif Johansson (tennis player).


Leif Johansson (born March 1, 1951) is the President of AB Volvo and CEO of The Volvo Group (since 1997). He sold Volvo Cars to Ford. He is an alumnus of Chalmers University of Technology.
, Philippe Klein, Louis Schweitzer Louis Schweitzer may refer to:
  • Louis Schweitzer (CEO), chairman and former CEO of Renault
  • Louis Schweitzer (Philanthropist), paper industrialist and philanthropist, donated WBAI to Pacifica Radio
, Ying Yeh and Finn Johnsson (Chairman) be re-elected as members of the Board of Directors. The Election Committee has also decided to propose that Lars Westerberg be elected a new member.

A majority of the Election Committee supports the proposal and a survey among Volvo's shareholders indicates that owners representing more than 50 percent of the votes in the company support the proposal of the Election Committee.

Lars Westerberg 58, is the President of Autoliv and has previously served as President of Sapa and Esab, among other executive positions. He has a number of Board assignments, notably SSAB SSAB Site-Specific Advisory Board
SSAB Social Security Advisory Board
SSAB Svenskt Stål Aktiebolag (Swedish Steel Corporation) 
 and Husqvarna. He will resign as President of Autoliv in April and is being proposed as the Chairman of Autoliv.

Lars Forberg, representing Violet Partners in the Election Committee, abstained from voting in connection with the decision of the Election Committee for the following reasons. In addition to supporting the election of Lars Westerberg, Forberg has proposed candidates that in his view would provide the Volvo Board an additional rejuvenation Rejuvenation
Aeson

in extreme old age, restored to youth by Medea. [Rom. Myth.: LLEI, I: 322]

apples of perpetual youth

by tasting the golden apples kept by Idhunn, the gods preserved their youth. [Scand. Myth.
 and complementary skills and experience. At the same time Forberg considers the likelihood of obtaining a majority to support alternative Board candidates at the Volvo Annual General Meeting as low. Accordingly, he abstains from opposing the proposal of the Election Committee.

http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?

id=387312&fn=wkr0001.pdf

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Publication:Business Wire
Date:Feb 23, 2007
Words:299
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