The Nomination Committee proposes Pieter Nota and Caroline Grégoire-Sainte-Marie as new members of the Board of Directors of Volvo Car AB (publ)
The Nomination Committee of Volvo Car AB (publ) (“Volvo Cars”) proposes that the Board of Directors of Volvo Cars be increased by two members and that Pieter Nota and Caroline Grégoire-Sainte-Marie be elected as new members of the Board of Directors. Consequently, Volvo Cars intends to convene an Extraordinary General Meeting to be held on 8 December 2025.
Pieter Nota is a former member of the Board of Management (Vorstand) of BMW AG, responsible for Customers, Brands and Sales. He has previously held senior executive roles at Royal Philips NV (CEO, Consumer Lifestyle as well as member of the Board of Management), Beiersdorf AG (member of the Board of Management) and Unilever, all but Unilever with a global responsibility. He holds a Master’s degree in Business Administration from the Erasmus University of Rotterdam, the Netherlands. Pieter Nota will bring deep automotive, customer, and brand experience supporting Volvo Cars’ global premium positioning.
Caroline Grégoire-Sainte-Marie is an independent director and Audit Committee member at VINCI S.A. and director and member of Audit and CSR Committee of Fnac Darty. Her previous board roles include Elior Group, Bluestar Adisseo, FLSmidth, Wienerberger, Elkem, Groupama, Eramet, and Safran and former executive positions includes CEO of Lafarge Germany, CEO of Tarmac France and Belgium and CEO of Frans Bonhomme. She is a graduate of Sciences Po Paris and Université Paris 1 Panthéon-Sorbonne and holds a degree in commercial law. Caroline Grégoire-Sainte-Marie will add strong audit, governance, and industrial finance expertise across diverse international ownership structures.
Both Pieter Nota and Caroline Grégoire-Sainte-Marie are independent in relation to the company and the Executive Management Team as well as the company’s major shareholders.
If the Extraordinary General Meeting resolves in accordance with the Nomination Committee’s proposal, 40 per cent of the board members would be women.
The Nomination Committee consists of:
- Lone Fønss Schrøder, appointed by Geely Sweden Holdings AB
- Per Ansgar, appointed by Geely Sweden Holdings AB
- Eric Li, Chairperson of the Board of Directors of Volvo Car AB
- Anders Oscarsson, appointed by AMF
- Emilie Westholm, appointed by Folksam
Lone Fønss Schrøder is the Chairperson of the Nomination Committee.
Further information about the Extraordinary General Meeting will be provided in the notice convening the meeting, which will be published in a separate press release. The Nomination Committee’s reasoned statement and the complete proposals will be available on Volvo Cars website when the notice convening the Extraordinary General meeting is published, https://investors.volvocars.com.
