Volvo Trucks North America Names Three Executives to New Posts

Effective April 1, 2010, three experienced executives took on new commercial positions for Volvo Trucks North America:

Ron Huibers has been named senior vice president – sales and marketing, reporting to President & CEO Denny Slagle. Huibers has been with the Volvo Group for 15 years, and has served in a number of senior management positions in sales, domestic and international distribution, business development/strategy, and financial services. He served most recently as senior vice president of international operations for Mack Trucks, Inc.

Scott Kress has been named vice president – sales, reporting to Ron Huibers. Kress has more than 30 years of industry experience with several original equipment manufacturers, many of which have been spent working with major North American trucking fleets. He joined Volvo Trucks North America in 2002 and served most recently as senior vice president – sales and marketing.

Russ Tedder has been named senior vice president – truck remarketing, reporting to President and CEO Denny Slagle. Tedder has more than 30 years of industry experience, working on both the OEM and carrier sides of the business. He joined Volvo Trucks North America in 1986, and served most recently as vice president – fleet sales.

Volvo Trucks North America’s operations and products are guided by the company’s three core values: Safety, Quality and Environmental Care. The Volvo VN and VHD trucks are assembled in the United States at the New River Valley Plant in Dublin, Virginia, while Volvo engines for North America are assembled in Hagerstown, Maryland. Both plants are certified to ISO14001 environmental and ISO9001 quality standards.

Volvo Trucks North America is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and one of the world's leading producers of heavy-diesel engines (9-16 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 96,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2009 amounted to approximately $29 billion. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on Nasdaq OMX Nordic Exchange and are traded OTC in the U.S.

April 14, 2010

For further information, please contact Jim McNamara, Volvo Trucks North America, phone 336-393-2143, email james.mcnamara@volvo.com

www.volvotrucks.us.com