Volvo: Olof Persson Appointed Co-Chairman of the UN Advisory Group on Sustainable Transport

GÖTEBORG, Sweden--(BUSINESS WIRE)--

Olof Persson, President and CEO of the Volvo Group VOLVAVOLVB, will take up the position as co-chairman when United Nations Secretary-General Ban Ki-moon assembles a high-level advisory group on sustainable transport. The advisory group, consisting of twelve members, is to provide recommendations on sustainable transport actionable at global, national and local levels.

"I feel honored. This is an exciting but also challenging assignment", says Olof Persson, President and CEO of the Volvo Group. "My ambition is to contribute with concrete actions towards social, economic and environmental sustainable transport solutions."

The aim of the Advisory Group is to promote accelerated implementation of sustainable transport, aligned closely with the UN objectives of inclusive and equitable growth, social development, protection of the global environment and ecosystems, and addressing climate change.

The Advisory Group is expected to submit a progress report to the Secretary-General in the second half of 2015.

August 13, 2014

UN press release: http://www.un.org/News/Press/docs/2014/sga1493.doc.htm

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The Volvo Group is one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 110,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2013 the Volvo Group's sales amounted to about SEK 270 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on NasdaqOMX Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

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