Volvo Group appointed Nina Aresund as a new member of the executive board and executive vice president group legal and compliance. Sofia Frändberg, who Aresund will succeed, will step down from her current role on the executive board after 10 years and will continue as a senior leader for the Volvo Group.
Aresund began her career at the Volvo Group in 2007 and currently holds the role of head of legal and compliance for Volvo Construction Equipment. Before her current role, she held the position of head of group legal.
“The change to Nina[‘s role] is carefully planned and shows our strong succession pipeline,” Martin Lundstedt, president and CEO of Volvo, said. “Sofia has a long and successful career in the Volvo Group and will continue to contribute on our growth journey.”
Aresund will take on her new position on Jan. 1.
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