Heléne Mellquist has been appointed President of Volvo Penta and member of the Volvo Group Management Team. Currently President for the European Division of Volvo Trucks, Mellquist began her career at the Volvo Group in 1988 and has held many senior positions at the company, as well as being the CEO at TransAtlantic AB between 2012-2015.

VOLVO PENTA AND HYDROGEN: THE ONGOING PROJECTS

Heléne Mellquist will replace Björn Ingemanson, who after a long and successful career at the Volvo Group, will retire in September 2020.

Heléne Mellquist Volvo Penta
Heléne Mellquist is the newly-appointed president of Volvo Penta

The statements issued by Heléne Mellquist and Björn Ingemanson

«I feel extremely inspired to continue to develop this part of the Volvo Group together with the team at Volvo Penta», said the newly-appointed President. «With the strong product portfolio Volvo Penta has in both the industrial and marine segments, I am taking on this task with great expectations and eagerness».

«After more than 30 years at the Volvo Group and nearly nine years leading Volvo Penta, I am pleased to be handing over to a strong and dynamic leader like Heléne. I am very proud of what the Volvo Penta team has achieved both on land and at sea, and I look forward to seeing what the company delivers over the next few years», commented Björn Ingemanson.

Volvo Penta D8 Stage II
Volvo Penta D8 Stage II and Stage III engine on display at MEE 2020

AB Volvo: no ordinary dividend for 2019

The Board of Directors of AB Volvo has decided to withdraw the proposal to the Annual General Meeting for an ordinary dividend of SEK 5.50 (slightly more than 0,5 euro) per share and instead proposes that no dividend for 2019 will be paid.

VOLVO AND COVID-19: OUR INTERVIEW WITH THE MANAGEMENT

The Volvo Group has a strong financial position. However, there is a general uncertainty created by Covid-19 and the effects on the Volvo Group from the measures taken in various countries to slow down the spread of the virus. As an effect, the Board believes that it is appropriate, as a precautionary measure, to withdraw the dividend proposal.

Highlights

AS Labruna launches the HEVOlution range of hybrid generators

The first model in the range, HEVOlution 80-37, made its world debut at the Metstrade in Amsterdam, the most prestigious international trade fair for nautical components, representing a decisive step towards innovative and environmentally friendly energy solutions.

Diesel of the Year 2025: dawn of the Hyundai DX05 & DX08

The Korean star is also reflected in the Diesel of the Year. South Korea is in the empire of industrial powers, cinema in the author anthology, K-pop in the playlist of teenagers. The 2025 edition is about Hyundai Infracore DX, 4- and 6-cylinder modular (BxS 110x132 mm), which have what it takes to ...

Alternative Engine Award: FPT under the sign of multi-fuel

An award that seems tailor-made for the XC13 by FPT Industrial. It is the Alternative Engine Award. The 13-litre has always been the star of the Cursor family and in the new X version it has been applied since its birth to IVECO trucks and, in the hydrogen version, has been on the ski slopes for thr...

Related articles

Aramco completes acquisition of stake in Horse Powertrain

Following the signing of definitive agreements in June, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain. Renault Group and Geely each retain a 45% equity stake. Aramco’s investment is expected to accelerate Horse Powertrain’s efforts to develop next-generation ICE and ...
News

Scania appoints Do Young Kim as Chief Financial Officer

Do Young Kim, currently CFO for International, has been appointed as the new Chief Financial Officer for Scania Group and a member of the Executive Board, reporting to CEO Christian Levin. He is due to assume the position on 1 February 2025.
News