Martin Weissburg last week was appointed president of the Volvo Group’s customer finance company, Volvo Financial Services. Weissburg, who is currently head of VFS’ the Americas operations, will assume his new position May 15, and replaces Salvatore Mauro, who has been appointed new head of the Volvo Group’s representation office in New York.
At the same time, it has been decided that Volvo Financial Services’ headquarters will be relocated from Montvale, N.J., to Greensboro, N.C., which is the center of the Volvo Group’s North American truck and financial services operations.
Weissburg has served as head of Volvo Financial Services’ North American operations since 2005 and, in conjunction with his appointment as president, he becomes a new member of Volvo’s Group Executive Committee.
“I am honored to lead Volvo Financial Services’ global team of over 1,200 professionals who provide financial products to Volvo Group customers in over 40 countries,” said Martin Weissburg. “By transferring the global headquarters to Greensboro, we will be co-located with the North American Truck and Financial Services operations, which has definite benefits.”
Mauro has been president of Volvo Financial Services since 2001. Prior to that, his positions included that of head of Volvo Cars’ European customer finance business. As new head of the Volvo Group’s American representation office, his responsibilities will include contacts with authorities, the media and investors in North America. He succeeds Stefan Lorentzsson, who is moving back to Sweden.
The Volvo Group, based in Göteborg, Sweden, is a leading manufacturer of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service.