New president for Volvo Penta

Björn Ingemanson to succeed Göran Gummeson as president of Volvo’s marine and industrial engine business

BJÖRN Ingemanson has been appointed as the new president of Volvo Penta. Currently president of Volvo Trucks’ International Division, he will assume his new position on 1 April 2012.

Mr Ingemanson has a long history at the Volvo Group and his past positions include chief financial officer of Volvo Trucks and European head of the Group’s customer financing company, Volvo Financial Services.

Volvo Penta’s current president, Göran Gummeson, who turns 65 in February, will remain as president until his retirement on 31 March 2012.

Mr Ingemanson will not be replaced in his current role since Volvo Trucks’ international division is being moved up into the new regional truck organizations in sales and marketing in conjunction with the introduction of a new organization at year end.

Following the reorganization, Volvo Penta will remain a business area in the Volvo Group, with responsibility for the development and sales of engines and drive systems for marine and industrial applications.