AB Volvo Management

Management criteria checks 3/4

AB Volvo's CEO is Martin Lundstedt, appointed in Oct 2015, has a tenure of 9.08 years. directly owns 0.014% of the company’s shares, worth SEK78.93M. The average tenure of the management team and the board of directors is 6.3 years and 8.6 years respectively.

Key information

Martin Lundstedt

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	9.1yrs
CEO ownership	0.01%
Management average tenure	6.3yrs
Board average tenure	8.6yrs

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
Sep 30 2024	n/a	n/a	SEK 52b
Jun 30 2024	n/a	n/a	SEK 56b
Mar 31 2024	n/a	n/a	SEK 51b
Dec 31 2023	n/a	n/a	SEK 50b
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: Insufficient data to establish whether Martin's total compensation is reasonable compared to companies of similar size in the UK market.

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

CEO

Martin Lundstedt (57 yo)

9.1yrs

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
Martin Lundstedt	CEO, President	9.1yrs	SEK 58.11m	0.014% SEK 78.9m
Mats Backman	Executive VP of Group Finance	1.1yrs	no data	no data
Kina Wileke	Executive VP of Group Communication & Member of the Group Executive Board	6.8yrs	no data	0.0017% SEK 9.2m
Bruno Blin	Executive VP of Volvo Group	8.7yrs	no data	no data
Scott Rafkin	Executive VP	4.8yrs	no data	0.0026% SEK 14.4m
Roger Alm	Executive VP	5.8yrs	no data	0.00039% SEK 2.2m
Andrea Fuder	Chief Purchasing Officer	7.8yrs	no data	no data
Lars Stenqvist	CTO, Executive VP of Group Trucks Technology & Member of the Group Executive Board	8.1yrs	no data	0.0031% SEK 17.2m
Melker Jernberg	Executive VP	6.8yrs	no data	no data
Diana Niu	Member of Group Executive Board and Executive VP of Group People & Culture	5.8yrs	no data	no data
Jens Holtinger	Executive VP of Group Trucks Operations & Member of Group Executive Board	4.1yrs	no data	0.0012% SEK 6.4m
Nina Aresund	Executive VP of Group Legal	1.8yrs	no data	0.00066% SEK 3.6m

6.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0HTP's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Lundstedt	CEO, President	8.6yrs	SEK 58.11m	0.014% SEK 78.9m
Martha Brooks	Independent Director	3.7yrs	no data	0.0013% SEK 6.9m
Kurt Jofs	Independent Director	4.4yrs	no data	0.0027% SEK 14.6m
Matti Alahuhta	Independent Director	10.6yrs	no data	0.0072% SEK 39.7m
Helena Stjernholm	Director	8.6yrs	no data	0.00039% SEK 2.2m
Paul Vikner	Vice Chairman - Mack Trucks Inc	16.6yrs	no data	no data
Par Boman	Chairman	less than a year	no data	no data
Martina Merz	Independent Director	9.6yrs	no data	0.00032% SEK 1.8m
Jan Carlson	Independent Director	2.6yrs	no data	0.00049% SEK 2.7m
Kathryn Marinello	Independent Director	10.6yrs	no data	0.00049% SEK 2.7m
Lars Ask	Employee Representative Director	8.6yrs	no data	0.000010% SEK 55.3k
Eric Elzvik	Independent Director	6.6yrs	no data	0.00037% SEK 2.0m

8.6yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 0HTP's board of directors are considered experienced (8.6 years average tenure).

AB Volvo Management

Management criteria checks 3/4

Key information

Recent management updates

Executive VP recently sold kr1.2m worth of stock

Volvo Group Announces Resignation of Joachim Rosenberg as Member of the Volvo Group Executive Board, EVP Strategic Initiatives and President of Volvo Energy

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

Insider recently bought kr4.1m worth of stock

Director recently bought kr307m worth of stock

Recent updates

Executive VP recently sold kr1.2m worth of stock

Third quarter 2024 earnings released: EPS: kr4.93 (vs kr6.93 in 3Q 2023)

Volvo Group Announces Resignation of Joachim Rosenberg as Member of the Volvo Group Executive Board, EVP Strategic Initiatives and President of Volvo Energy

New major risk - Revenue and earnings growth

Volvo Announces to Launch Electric Truck with 600 Km Range

Now 22% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: kr7.65 (vs kr5.30 in 2Q 2023)

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

Now 20% undervalued after recent price drop

Westport Fuel Systems Inc. and Volvo Group Announces Board Appointments

Insider recently bought kr4.1m worth of stock

First quarter 2024 earnings released: EPS: kr6.93 (vs kr6.35 in 1Q 2023)

AB Volvo (Publ) Approves Ordinary Dividend

Upcoming dividend of kr18.00 per share

Dividend increased to kr18.00

AB Volvo (Publ) Proposes Extra Dividend

AB Volvo (Publ) Proposes Extra Dividend

Full year 2023 earnings released: EPS: kr24.51 (vs kr16.10 in FY 2022)

Director recently bought kr307m worth of stock

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

Full year 2023 earnings released: EPS: kr24.50 (vs kr16.10 in FY 2022)

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,

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released

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

Second quarter 2023 earnings released

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

Executive VP recently sold kr3.4m worth of stock

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

Director recently bought kr203m worth of stock

Executive VP recently bought kr5.3m worth of stock

First quarter 2023 earnings released: EPS: kr6.35 (vs kr3.46 in 1Q 2022)

Upcoming dividend of kr14.00 per share at 6.9% yield

Full year 2022 earnings released: EPS: kr16.10 (vs kr16.13 in FY 2021)

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

Volvo Group Proposes Extra Dividend for the Year 2022

Full year 2022 earnings released: EPS: kr16.09 (vs kr16.13 in FY 2021)

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

Now 20% undervalued

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

Third quarter 2022 earnings released: EPS: kr4.24 (vs kr3.47 in 3Q 2021)

Volvo Group Reportedly Considering Selling Some of Its Russian Business

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age