Anders Brännström was appointed Chairman of the Board for Volvo Research and Educational Foundations in January 2011. He joined the Volvo Group in 1999 to become President of Volvo Technology Transfer AB, a Corporate Venture Capital entity within the Volvo Group. The assignment was to invest in small companies of interest for the Volvo Group, where a minority shareholding was at least initially preferred, and help them to develop. Prior to this, Brännström held successively different positions in Group Management of SKF, a world leading manufacturer of bearings with headquarters in Sweden, such as Director for Business Development, Executive Director Industrial Sales and Executive Director for Sales Company Division. He holds a Doctoral Degree in Industrial Management from Chalmers University of Technology.