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Volvo Group Finance Chief Steps Down

Swedish truck maker Volvo ADR (OTC:VLVLY) said Tina Hultkvist has decided to resign from her role as Chief Financial Officer and member…
byShivani Kumaresan
February 3, 2023
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  • Swedish truck maker Volvo ADR (OTC:VLVLY) said Tina Hultkvist has decided to resign from her role as Chief Financial Officer and member of the Executive Board, effective immediately.
  • She has served as the Volvo Group CFO since March 2022 and will be available at the company’s disposal during 2023. 
  • Jan Ytterberg, previously Volvo Group CFO and member of the Executive Board, and currently in the role of Volvo Group senior advisor, will step in as acting CFO.
  • The company said it had started the process of recruiting a successor.
  • Price Action: VLVLY shares closed higher by 1.78% at $20.55 on Thursday.
  • Photo Via Wikimedia Commons
 
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