Volvo appoints president of Volvo Construction Equipment

Olof Persson has been appointed as the new president of Volvo Construction Equipment effective November 1, 2008. Persson will replace Tony Helsham, who will remain with the Volvo Group Executive Committee. Persson is currently president of Volvo Aero; he will be replaced by Staffan Zackrisson, presently head of marketing, programs and sales, Volvo Aero. Persson has been with Volvo since 2006 and has previously held executive positions within the Bombardier Group, ABB and the Daimler-Chrysler Group.