AB Volvo Management

Management criteria checks 4/4

AB Volvo's CEO is Martin Lundstedt, appointed in Oct 2015, has a tenure of 8.5 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 $7.52M. The average tenure of the management team and the board of directors is 6.3 years and 8 years respectively.

Key information

Martin Lundstedt

Chief executive officer

kr58.1m

Total compensation

CEO salary percentage	30.1%
CEO tenure	8.5yrs
CEO ownership	0.01%
Management average tenure	6.3yrs
Board average tenure	8yrs

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
Mar 31 2024	n/a	n/a	kr51b
Dec 31 2023	n/a	n/a	kr50b
Sep 30 2023	n/a	n/a	kr44b
Jun 30 2023	n/a	n/a	kr39b
Mar 31 2023	n/a	n/a	kr39b
Dec 31 2022	kr58m	kr17m	kr33b
Sep 30 2022	n/a	n/a	kr34b
Jun 30 2022	n/a	n/a	kr33b
Mar 31 2022	n/a	n/a	kr31b
Dec 31 2021	kr49m	kr16m	kr33b
Sep 30 2021	n/a	n/a	kr34b
Jun 30 2021	n/a	n/a	kr33b
Mar 31 2021	n/a	n/a	kr23b
Dec 31 2020	kr44m	kr15m	kr19b
Sep 30 2020	n/a	n/a	kr17b
Jun 30 2020	n/a	n/a	kr19b
Mar 31 2020	n/a	n/a	kr30b
Dec 31 2019	kr52m	kr15m	kr36b
Sep 30 2019	n/a	n/a	kr32b
Jun 30 2019	n/a	n/a	kr32b
Mar 31 2019	n/a	n/a	kr30b
Dec 31 2018	kr43m	kr15m	kr25b
Sep 30 2018	n/a	n/a	kr27b
Jun 30 2018	n/a	n/a	kr25b
Mar 31 2018	n/a	n/a	kr22b
Dec 31 2017	kr44m	kr13m	kr20b

Compensation vs Market: Martin's total compensation ($USD5.31M) is below average for companies of similar size in the US market ($USD13.53M).

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

CEO

Martin Lundstedt (56 yo)

8.5yrs

Tenure

kr58,105,000

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	8.5yrs	kr58.11m	0.014% SEK 7.5m
Mats Backman	Executive VP of Group Finance	less than a year	no data	no data
Joachim Rosenberg	Executive VP of Strategic Initiatives	12.3yrs	no data	0.014% SEK 7.4m
Kina Wileke	Executive VP of Group Communication & Member of the Group Executive Board	6.3yrs	no data	0.0014% SEK 753.6k
Bruno Blin	Executive VP of Volvo Group	8.1yrs	no data	0.0024% SEK 1.3m
Scott Rafkin	Executive VP	4.3yrs	no data	0.0028% SEK 1.5m
Roger Alm	Executive VP	5.3yrs	no data	0.00041% SEK 216.1k
Andrea Fuder	Chief Purchasing Officer	7.3yrs	no data	0.0039% SEK 2.0m
Lars Stenqvist	CTO, Executive VP of Group Trucks Technology & Member of the Group Executive Board	7.5yrs	no data	0.0026% SEK 1.4m
Melker Jernberg	Executive VP	6.3yrs	no data	0.0026% SEK 1.4m
Diana Niu	Member of Group Executive Board and Executive VP of Group People & Culture	5.3yrs	no data	0.0032% SEK 1.7m
Jens Holtinger	Executive VP of Group Trucks Operations & Member of Group Executive Board	3.5yrs	no data	0.0015% SEK 785.2k

6.3yrs

Average Tenure

55.5yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Martin Lundstedt	CEO, President	8yrs	kr58.11m	0.014% SEK 7.5m
Martha Brooks	Independent Director	3.1yrs	no data	0.00052% SEK 274.0k
Kurt Jofs	Independent Director	3.8yrs	no data	0.0027% SEK 1.4m
Matti Alahuhta	Independent Director	10yrs	no data	0.0072% SEK 3.8m
Helena Stjernholm	Director	8yrs	no data	0.11% SEK 57.2m
Paul Vikner	Vice Chairman - Mack Trucks Inc	16yrs	no data	no data
Par Boman	Chairman	less than a year	no data	no data
Martina Merz	Independent Director	9yrs	no data	0.00032% SEK 168.6k
Jan Carlson	Independent Director	2yrs	no data	0.0021% SEK 1.1m
Kathryn Marinello	Independent Director	10yrs	no data	no data
Lars Ask	Employee Representative Director	8yrs	no data	0.000010% SEK 5.3k
Eric Elzvik	Independent Director	6yrs	no data	0.00037% SEK 195.0k

8.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: VLVL.Y's board of directors are considered experienced (8 years average tenure).

AB Volvo Management

Management criteria checks 4/4

Key information

Recent management updates

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

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

AB Volvo (Publ) Announces Management Changes

Recent updates

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

AB Volvo (Publ) Approves Extra Distribution

Volvo Group Develops Its Own Pathway Towards the 1.5C Target for Trucks and Buses

AB Volvo (publ) Proposes Distribution of the Proceeds from the Sale of UD Truckare

AB Volvo (publ) (OM:VOLV B) signed definitive agreement to acquire 60% stake in Designwerk Technologies AG.

AB Volvo (Publ) Approves Extraordinary Dividend

Volvo Autonomous Solutions Forms Partnership with Foretellix

Daimler Truck AG and the Volvo Group Complete Creation of Fuel-Cell Joint Venture: Cellcentric

James W. Griffith Not to Stand for Re-Election as Board Member at AGM of AB Volvo

Lannutti Group Purchases 1,000 Volvo Trucks with Latest Fuel Saving Technology

The Volvo Group Appoints Anna Westerberg as New President Volvo Buses and Member of Volvo Group Management, Effective February 1, 2021

Volvo Group Begin Customer Deliveries of All-Electric Products

AB Volvo (publ), Annual General Meeting, Mar 31, 2021

AB Volvo (publ) to Report Fiscal Year 2020 Results on Feb 26, 2021

The Volvo Group and Daimler Truck AG Sign Binding Agreement for Joint Venture to Develop, Produce and Commercialize Fuel-Cell Systems for Use in Heavy-Duty Trucks as the Primary Focus, as Well as Other Applications

Volvo Group and Isuzu Motors Sign Final Agreements to Form Strategic Alliance

AB Volvo (publ) to Report Q1, 2021 Results on Apr 22, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age