Staffan Jufors - Leader of the Year for 2002

Staffan Jufors was selected for the award for his excellent leadership of Volvo Penta over the past four years.

This is the first time ever that a Volvo executive has received the prestigious award.

Previous recipients of the award include Stefan Persson, of Hennes & Mauritz, and Carl-Henric Svanberg, of Assa Abloy.

"I am very pleased about this award, which I view as a token of recognition, not just for me personally but also for the fantastic effort invested by Volvo Penta's employees," says Staffan Jufors.

Staffan Jufors has been president of Volvo Penta since 1998, during which time the company has undergone a dramatic transformation.

Since 1998, net sales have doubled. Operating expenses, however, have remained at the same level as four years ago.

Capacity has been created for substantial investments in future products. Under the leadership of Staffan Jufors, Volvo Penta's product development has been doubled.

We have successfully enhanced our efficiency and reprioritized so that our resources are used to maximize the value for the customer,

"For me, most of it's about creating value. We have been successful in strengthening our positions in the market because our products have created added value for our customers. And we will continue to do so," Staffan Jufors promises.

Staffan Jufors was presented the "Leader of the Year" award last night at a ceremony at the Stockholm restaurant, Berns, by the chairman of the prize committee, Arne Mårtensson.