Volvo Group CFO Steps Down, Acting CFO Named

News Updates (16)

Tina Hultkvist, the current Chief Financial Officer and member of the Executive Board of the Volvo Group, has announced her resignation. With 25 years of experience at the company, Hultkvist served as CFO since March 2022.

Acting CFO Named

Jan Ytterberg, previously the CFO and member of the Executive Board, will step in as acting CFO. Ytterberg currently serves as a senior advisor for the Volvo Group.

Resignation Effective Immediately

Hultkvist will leave her role with immediate effect but will be available to the company during 2023 if needed. The process of finding a successor has been initiated.

About the Volvo Group

The Volvo Group is a leading provider of transport and infrastructure solutions, offering a wide range of products including trucks, buses, construction equipment, and financing and services to increase customer productivity. Headquartered in Gothenburg, Sweden, the company employs over 100,000 people and serves customers in nearly 190 markets. In 2022, net sales reached SEK 474 billion (EUR 45 billion). Volvo shares are listed on the Nasdaq Stockholm.

Committed to Sustainable Solutions

Founded in 1927, the Volvo Group is dedicated to shaping the future of sustainable transport and infrastructure solutions. With its commitment to driving prosperity, the company remains a leader in the industry.


The resignation of Hultkvist marks a significant change for the Volvo Group, but with Ytterberg stepping in as acting CFO, the company is in capable hands. The company’s commitment to sustainable solutions and its long history of success make it a standout in the industry. As the search for a new CFO begins, it will be interesting to see who takes on this important role and how they plan to drive the company forward.

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