Lone Fønss Schrøder Stepping Down from Volvo Cars' Board of Directors

Lone Fønss Schrøder, a long-time member of Volvo Cars' Board of Directors, is leaving her position effective immediately to become Chairperson of Geely Sweden Holdings' board. With 15 years of dedication and valuable contributions to the Volvo Cars Board, Fønss Schrøder will be remembered for her significant role in shaping the company's audit committee and serving as Vice Chairperson since 2018. As she departs, Eric Li, Volvo Cars' Chairperson of the Board, extends his gratitude for her outstanding service.

Key Takeaways:

• Lone Fønss Schrøder has stepped down from Volvo Cars' Board of Directors, effective immediately, to become Chairperson of Geely Sweden Holdings' board.
• Fønss Schrøder joined Volvo Cars' Board in 2010, serving as Vice Chairperson since 2018 and Chair of the Audit Committee.
• Eric Li, Volvo Cars' Chairperson of the Board, thanked Fønss Schrøder for her 15 years of dedication and valuable contributions to the Volvo Cars Board.
• Fønss Schrøder will also serve as one of Geely Sweden Holdings' representatives for Geely Sweden Holdings in Volvo Cars' Nomination Committee.
• The Nomination Committee will convene to fill the vacant position left by Fønss Schrøder.
• Fønss Schrøder's departure comes after 15 years of service, during which she played a vital role in various capacities within the Board.

Statistics:

• 15 years: The duration of Lone Fønss Schrøder's service on Volvo Cars' Board of Directors.
• 2010: The year Lone Fønss Schrøder joined Volvo Cars' Board of Directors.
• 2018: The year Lone Fønss Schrøder became Vice Chairperson of the Board.

Sources:

• Volvo Car Corporation, June 26