Press Release

Tom Jörning resigns as board member

30 Sep 2014

The board member Tom Jörning has at his own request chosen to resign from Ferronordic Machines’ board of directors due to new obligations within Volvo Group. According to the articles of association the board of Ferronordic Machines shall consist of 3-10 directors. After the resignation of Tom Jörning the board will consist of seven directors. Election of a potential additional board member will be made at the next general meeting of shareholders (latest at the annual general meeting 2015).

About Ferronordic Machines

Ferronordic Machines is the authorized dealer of Volvo Construction Equipment in Russia. The company began its operations in June 2010 and has expanded rapidly across Russia and is today well established in all federal districts with more than 70 outlets and over 750 employees. In addition to distributing and providing aftermarket support to Volvo Construction Equipment machines, the company has also been appointed aftermarket dealer for Volvo Trucks as well as dealer for Volvo Penta in certain parts of Russia. The company has also signed up some other high quality brands such as LogSet and several attachment manufacturers. The vision of Ferronordic Machines is to be regarded as the leading service- and sales company in the CIS markets.p>

For more information, please contact:

Anders Blomqvist, CFO and Head of IR, Tel: +46 8 5090 7280

or e-mail

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