AB Volvo Management
Management criteria checks 4/4
AB Volvo's CEO is Martin Lundstedt, appointed in Oct 2015, has a tenure of 8.25 years. total yearly compensation is SEK58.11M, comprised of 30.1% salary and 69.9% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth SEK72.20M. The average tenure of the management team and the board of directors is 6 years and 7.8 years respectively.
Key information
Martin Lundstedt
Chief executive officer
SEK 58.1m
Total compensation
| CEO salary percentage | 30.1% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 6yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | SEK 44b |
| Jun 30 2023 | n/a | n/a | SEK 39b |
| Mar 31 2023 | n/a | n/a | SEK 39b |
| Dec 31 2022 | SEK 58m | SEK 17m | SEK 33b |
| Sep 30 2022 | n/a | n/a | SEK 34b |
| Jun 30 2022 | n/a | n/a | SEK 33b |
| Mar 31 2022 | n/a | n/a | SEK 31b |
| Dec 31 2021 | SEK 49m | SEK 16m | 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: Martin's total compensation ($USD5.66M) is about average for companies of similar size in the UK market ($USD5.24M).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
CEO
Martin Lundstedt (56 yo)
8.3yrs
Tenure
SEK 58,105,000
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 |
|---|---|---|---|---|
| CEO, President | 8.3yrs | SEK 58.11m | 0.014% SEK 72.2m | |
| Executive VP | less than a year | no data | no data | |
| Executive VP | 12yrs | no data | 0.014% SEK 70.5m | |
| Executive VP of Group Communication & Member of the Group Executive Board | 6yrs | no data | 0.0014% SEK 7.2m | |
| Executive VP of Volvo Group | 7.8yrs | no data | 0.0024% SEK 12.4m | |
| Executive VP | 4yrs | no data | 0.0023% SEK 11.7m | |
| Executive VP | 5yrs | no data | 0.00041% SEK 2.1m | |
| Chief Purchasing Officer | 7yrs | no data | 0.0039% SEK 19.7m | |
| CTO, Executive VP of Group Trucks Technology & Member of the Group Executive Board | 7.3yrs | no data | 0.0026% SEK 13.1m | |
| Executive VP | 6yrs | no data | 0.0026% SEK 13.2m | |
| Member of Group Executive Board and Executive VP of Group People & Culture | 5yrs | no data | 0.0032% SEK 16.3m | |
| Executive VP of Group Trucks Operations & Member of Group Executive Board | 3.3yrs | no data | 0.0015% SEK 7.5m |
6.0yrs
Average Tenure
55.5yo
Average Age
Experienced Management: VOLVBS's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 7.8yrs | SEK 58.11m | 0.014% SEK 72.2m | |
| Independent Director | 2.8yrs | no data | 0.00052% SEK 2.6m | |
| Independent Director | 3.6yrs | no data | 0.0025% SEK 12.6m | |
| Independent Director | 9.8yrs | no data | 0.0072% SEK 36.3m | |
| Director | 7.8yrs | no data | 0.050% SEK 250.6m | |
| Independent Chairman | 11.8yrs | no data | 0.098% SEK 497.3m | |
| Vice Chairman - Mack Trucks Inc | 15.8yrs | no data | no data | |
| Independent Director | 8.8yrs | no data | 0.00022% SEK 1.1m | |
| Independent Director | 1.8yrs | no data | 0.0021% SEK 10.4m | |
| Independent Director | 9.8yrs | no data | no data | |
| Employee Representative Director | 7.8yrs | no data | 0.000010% SEK 50.6k | |
| Independent Director | 5.8yrs | no data | 0.00037% SEK 1.9m |
7.8yrs
Average Tenure
64yo
Average Age
Experienced Board: VOLVBS's board of directors are considered experienced (7.8 years average tenure).