SWEDEN: Carl-Peter Forster appointed to Volvo Car board
Carl-Peter Forster has been appointed a new member of the Board of Directors of Volvo Car Group (Volvo Cars).
Forster was President of General Motors Europe from 2004 to 2009. In 2010, he was appointed Group CEO of Tata Motors globally.
On September 1, 2012, Carl-Peter Forster became a chief advisor to Zhejiang Geely Holding Group and on January 9, 2013 he became a non-executive member of the board of the listed company Geely Automobile Holdings Co. Ltd.
"Mr Forster brings great experience and knowledge of the car industry to the Board of Directors of Volvo Cars," said Li Shufu, Chairman of Volvo Car Group.
"His deep understanding of the business and product development will be an important asset for Volvo Cars in the company's ongoing transformation."
Volvo Cars is currently undergoing substantial internal restructuring and cost cutting as it attempts to get to profitability.