Trucks has plans in the works to create a more cost-effective
structure and will now be linked with Volvo Group Headquarters.
The three truck companies, Volvo Trucks, Renault V. I. and Mack
Trucks, will become separate business areas. Because of this shift,
the company is announcing changes on organization and management
immediately, Jorma Halonen, President of Volvo Trucks and Chairman
of Volvo Trucks North America and Philippe Mellier, President
of Renault V.I., will report directly to Leif Johansson and will
be members of Volvo Group Executive Committee. Michel Gigou, President
of Volvo Trucks North American, who is responsible for the integration
of truck operations in North America, will become chairman of
Mack Trucks and a member of Volvo Group Executive Committee, reporting
to Leif Johansson. Paul Vikner, President of Mack Trucks, will
report to Michel Gigou. The present President of Global Trucks,
Tryggve Sthen, will continue to serve on the Volvo Group Executive
will become a business unit in the Volvo Group with responsibility
for product planning, purchasing and product development for the
three truck companies. The president of Volvo 3P, Odile Desforges,
will report to Lars-Goeran Moberg, technical director in the Volvo
Group Executive Committee. The other staff units within Global
Trucks are being integrated within Volvo Group Headquarters.
will continue to be a business area within the Volvo Group only
with regard to external reporting of finances. Other business
areas within the Volvo Group are not affected by the changed organization.