Truckmaker Volvo Picks New Chairman Amid Spin-Off Talk
- Boman seen as long-time ally of Swedish billionaire Lundberg
- New chair may herald split of construction unit, analyst says
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Volvo Group, one of the world’s largest truckmakers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.
Boman, 61, is a long-time ally of the billionaire Fredrik Lundberg, whose investment company Industrivarden AB holds influential stakes in a number of Sweden’s blue-chip companies including Svenska Handelbanken, Essity, Svenska Cellulosa and Volvo.