London (April 22, 2004) -- The trustees of the International Accounting Standards Committee Foundation have appointed Jan Engström to the International Accounting Standards Board, effective May 1.
 
Engström, 53, will fill the vacancy for a full-time preparer position created by the retirement of Harry Schmid. Engström’s term will expire in June 2009.
 
During his 30 years with the Volvo Group, Engström has served in various senior financial and operating positions both in his native Sweden and in Latin America. A member of the Volvo Group management board for 10 years, he served as chief financial officer from 1993 to 1998 and as chief executive officer of Volvo Bus Corp. from 1998 to 2003. Before joining the management board of Volvo Group, Engström was CFO of Volvo do Brasil and CFO of Volvo Truck Corp.
 
"We are delighted to welcome Jan Engström to the IASB," said Paul A Volcker, chairman of the trustees and former chair of the Federal Reserve Board. “His appointment will strengthen the IASB’s existing efforts to consult with the business community both in Europe and Latin America.”
 
-- WebCPA staff

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