The new executive appointee will also sit on Volvo's executive board and is expected to start towards the end of this year
Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group’s Executive Board.
He will succeed Jan Ytterberg, who as previously communicated, will continue as Volvo Group senior advisor.
Volvo says Backman has held many senior positions in Swedish industry and has extensive international experience.
He has been the Chief Financial Officer for several well-known companies such as Sandvik, Autoliv and Veoneer.
He will take on his new position during the second half of 2023 with Volvo saying the exact date is yet to be decided.