Mats Backman has succeded Jan Ytterberg as the Chief Financial Officer and the latest member of the Volvo Group’s Executive Board. Jan Ytterberg will however continue as Volvo Group’s Senior Advisor.
Industry sources added that Mats Backman has held many senior positions in the 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.
As per the Industry sources, he will be onboarded to the new position during the second half of 2023 as the firm has to finalize the exact date.
As per the Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing, and services that increase our customer’s uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people, and serves customers in almost 190 markets. In 2022, net sales amounted to SEK 473 billion (EUR 45 billion). Volvo shares are listed on Nasdaq Stockholm.
