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AB Volvo Management

Management criteria checks 3/4

AB Volvo's CEO is Martin Lundstedt, appointed in Oct 2015, has a tenure of 6.75 years. directly owns 0.012% of the company’s shares, worth €4.23M. The average tenure of the management team and the board of directors is 6 years and 8.2 years respectively.

Key information

Martin Lundstedt

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	6.8yrs
CEO ownership	0.01%
Management average tenure	6yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Martin Lundstedt's remuneration changed compared to AB Volvo's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2022	n/a	n/a	SEK 33b
Mar 31 2022	n/a	n/a	SEK 31b
Dec 31 2021	n/a	n/a	SEK 33b
Sep 30 2021	n/a	n/a	SEK 34b
Jun 30 2021	n/a	n/a	SEK 33b
Mar 31 2021	n/a	n/a	SEK 23b
Dec 31 2020	SEK 44m	SEK 15m	SEK 19b
Sep 30 2020	n/a	n/a	SEK 17b
Jun 30 2020	n/a	n/a	SEK 19b
Mar 31 2020	n/a	n/a	SEK 30b
Dec 31 2019	SEK 52m	SEK 15m	SEK 36b
Sep 30 2019	n/a	n/a	SEK 32b
Jun 30 2019	n/a	n/a	SEK 32b
Mar 31 2019	n/a	n/a	SEK 30b
Dec 31 2018	SEK 43m	SEK 15m	SEK 25b
Sep 30 2018	n/a	n/a	SEK 27b
Jun 30 2018	n/a	n/a	SEK 25b
Mar 31 2018	n/a	n/a	SEK 22b
Dec 31 2017	SEK 44m	SEK 13m	SEK 20b

Compensation vs Market: Insufficient data to establish whether Martin's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.

CEO

Martin Lundstedt (55 yo)

6.8yrs

Tenure

SEK 43,925,924

Compensation

Mr. Martin Lundstedt, M.Sc., has been an Independent Director at Autoliv, Inc. since May 12, 2021. He has been the Chief Executive Officer, President and Member of the Group Executive Board at AB Volvo (pu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Martin Lundstedt	CEO, President	6.8yrs	SEK 43.93m	0.012% € 4.2m
Jan Gurander	Deputy CEO & Member of the Group Executive Board	8.5yrs	SEK 21.31m	0.0088% € 3.0m
Tina Hultkvist	Executive VP of Group Finance	less than a year	no data	no data
Martin Weissburg	Executive VP	6.3yrs	no data	0.0069% € 2.4m
Joachim Rosenberg	Executive VP	10.5yrs	no data	0.012% € 4.1m
Kina Wileke	Executive VP of Group Communication & Member of the Group Executive Board	4.5yrs	no data	0.0012% € 406.6k
Bruno Blin	Executive VP	6.3yrs	no data	0.0020% € 690.2k
Sofia Frandberg	EVP of Group Legal & Compliance	9.3yrs	no data	0.0033% € 1.1m
Scott Rafkin	Executive VP	2.5yrs	no data	0.0025% € 847.4k
Roger Alm	Executive VP	3.5yrs	no data	0.0017% € 584.3k
Andrea Fuder	Chief Purchasing Officer	5.5yrs	no data	0.0031% € 1.1m
Lars Stenqvist	CTO, Executive VP of Group Trucks Technology & Member of the Group Executive Board	5.8yrs	no data	0.0021% € 717.5k

6.0yrs

Average Tenure

55yo

Average Age

Experienced Management: VOL3's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Lundstedt	CEO, President	6.3yrs	SEK 43.93m	0.012% € 4.2m
Matti Alahuhta	Independent Director	8.3yrs	no data	0.0072% € 2.5m
Helena Stjernholm	Director	6.3yrs	no data	0.00039% € 133.3k
Carl-Henric Svanberg	Independent Chairman	10.3yrs	no data	0.098% € 33.6m
Hanne de Mora	Independent Director	12.3yrs	no data	0.0011% € 379.3k
Paul Vikner	Vice Chairman - Mack Trucks Inc	14.3yrs	no data	no data
Martina Merz	Independent Director	7.3yrs	no data	0.00022% € 75.2k
Kathryn Marinello	Independent Director	8.3yrs	no data	no data
Lars Ask	Employee Representative Director	6.3yrs	no data	0.000010% € 3.4k
Mikael Sallstrom	Employee Representative Director	12.8yrs	no data	0.000030% € 10.3k
Mats Henning	Employee Representative Director	8.2yrs	no data	0.000050% € 17.1k
Eric Elzvik	Independent Director	4.3yrs	no data	0.00037% € 126.4k

8.2yrs

Average Tenure

62.5yo

Average Age

Experienced Board: VOL3's board of directors are considered experienced (8.2 years average tenure).

This company listing is no longer active

AB Volvo Management

Management criteria checks 3/4

Key information

Recent management updates

Volvo Group Names Radhika Nair as Head of People Culture for India, Effective July 1, 2024

Westport Fuel Systems Inc. and Volvo Group Announces Board Appointments

AB Volvo (publ), Annual General Meeting, Mar 27, 2024

AB Volvo Announces Board Changes

AB Volvo (Publ) Announces Executive Changes, Effective December 1, 2023

Volvo Chairman Carl-Henric Svanberg Declines Re-Election

Recent updates

AB Volvo (publ) to Report Q3, 2025 Results on Oct 17, 2025

John Cockerill Defense France acquired Arquus from AB Volvo (publ) (OM:VOLV B).

Volvo Group Names Radhika Nair as Head of People Culture for India, Effective July 1, 2024

Westport Fuel Systems Inc. and Volvo Group Announces Board Appointments

AB Volvo (Publ) Approves Ordinary Dividend

AB Volvo (Publ) Proposes Extra Dividend

AB Volvo (Publ) Proposes Extra Dividend

AB Volvo (publ) (OM:VOLV B) completed the acquisition of Powered Business of Proterra Operating Company.

Volvo Group Proposes an Extra Dividend

AB Volvo (publ) to Report Fiscal Year 2023 Final Results on Feb 29, 2024

AB Volvo (publ) (OM:VOLV B) made a bid to acquire battery business of Proterra Operating Company, Inc. for approximately $210 million,

AB Volvo (publ), Annual General Meeting, Mar 27, 2024

AB Volvo Announces Board Changes

AB Volvo (Publ) Announces Executive Changes, Effective December 1, 2023

Volvo Chairman Carl-Henric Svanberg Declines Re-Election

AB Volvo (publ) to Report Q2, 2023 Results on Jul 19, 2023

Volvo Group Appoints Mats Backman as New Member of Volvo Group's Executive Board

Volvo Group Launches World's First Electric Truck Safety App with AR Technology for First Responders

AB Volvo (Publ) Announces Management Changes

AB Volvo (Publ) Appoints Stephen Roy as New Member of the Volvo Group Executive Board and President of Mack Trucks, Effective from June 1, 2023

AB Volvo (Publ) Announces Resignation of Tina Hultkvist as Member of the Executive Board

Volvo Group Proposes Extra Dividend for the Year 2022

AB Volvo (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023

Zhejiang Geely Holding Group agreed to acquire 33% stake in Powertrain Engineering Sweden AB from AB Volvo (publ) (OM:VOLV B).

Volvo Group Reportedly Considering Selling Some of Its Russian Business

AB Volvo (publ) to Report Q3, 2023 Results on Oct 18, 2023

Volvo Trucks Starts Series Production of Heavy Electric Trucks

Volvo's Group Appoints Nina Aresund as Executive Board

Jan Gurander to Step Down as Volvo Group Deputy CEO

Volvo Trucks Showcases New Zero-Emissions Truck

Volvo Trucks Showcases New Zero-Emissions Truck

Volvo Trucks to Use Fossil-Free Steel in Its Trucks

AB Volvo Approves Dividend

AB Volvo (Publ) Proposes Payment of an Extra Dividend Payable on April 13, 2022

AB Volvo (Publ) Proposes Payment of an Ordinary Dividend, Payable on April 13, 2022

Eckhard Cordes, Independent Director, Not to Stand for Re-Election at the Annual General Meeting of AB Volvo (publ)

AB Volvo (publ) Announces CFO Changes, Effective March 15, 2022

Volvo Group Proposes Extra Dividend for the Full Year of 2021

Volvo Announces First Independent Energy Efficiency Test with A Fully Loaded Heavy-Duty Electric Volvo Truck

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age