Mikael Bratt, the head of corporate finance at AB Volvo, has been appointed chief financial officer of the Volvo Group, immediately succeeding Pär Östberg.
Bratt, 40, has been vice president and head of corporate finance at AB Volvo since 2002 and has worked for the group since 1988.
“Bratt has extensive experience of the group’s various operations and has held management positions in units including Volvo Treasury North America and trucks’ operations in Brazil. He will assume his new position immediately and will also be a member of group management. As head of corporate finance, Mikael Bratt has directed the work on the acquisitions that Volvo has completed in recent years and thus has excellent insight into these companies,” a statement said.
“Mikael’s wide-ranging, international experience within the group and the knowledge he has accumulated in his role as head of corporate finance will be extremely useful in his new position as chief financial officer,” said Leif Johansson, group president and CEO.
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