AB Volvo Proposes Re-Election of Board Members at AGM, Matti Alahuhta to Depart

AB Volvo's Election Committee late on Thursday proposed the re-election of ten existing board members at the company's Annual General Meeting (AGM), scheduled for April 8, 2026, with one notable departure from the current lineup. The committee is recommending that Pär Boman continue as Chairman of the Board, alongside the re-election of Bo Annvik, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm.

Matti Alahuhta Not Standing for Re-Election

The sole change to the board's composition is the departure of Matti Alahuhta, who will not stand for re-election.

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Major Shareholders Control About 40% of Voting Rights

AB Volvo's election committee is made up of representatives from four of Volvo's major shareholders, collectively holding around 16 per cent of the company's shares and approximately 39.8 per cent of its votes.

"The Election Committee of AB Volvo comprises representatives of four of the company’s major shareholders, who together represent approximately 16 per cent of the shares and approximately 39.8 percent of the votes, and the Chairman of the Board Pär Boman. The members who represent the major shareholders are Fredrik Persson (AB Industrivärden), Anders Oscarsson (AMF and AMF Funds), Carina Silberg (Alecta) and Anders Algotsson (AFA Insurance)," the company wrote in a statement.

Shareholders to Vote at AGM

The announcement was made on February, 19, 2026. Shareholders will vote on the proposals at the April AGM in Gothenburg.

The board composition proposal reflects broad continuity in governance at the Swedish commercial vehicle manufacturer, with the single departure marking a measured adjustment to the existing leadership structure.