February 18, 2003


Volvo Canada president to be Volvo Mexico president as well

Toronto, Ontario – Paul Cummings, president and chief executive officer of Volvo Cars of Canada Ltd., will expand his responsibilities to include Mexico and assume the role of president and CEO of Volvo Cars in both Canada and Mexico. His appointment will be effective March 1, 2003.

Cummings has almost 10 years of experience with the Volvo Car Corporation. He joined the organization in Canada as a business manager and has held positions of increasing responsibility in Canada and the United States, including national market development manager and national sales manager for Canada and director, network development for Volvo Cars of North America in the U.S. He was appointed president and chief executive officer of Volvo Cars of Canada Ltd. In January 2001. In his expanded role, he will continue to be headquartered in the Volvo Cars of Canada head office in Toronto.

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