Martin Weissburg, president of the Volvo Financial Services, has been named president of Volvo Construction Equipment, replacing Pat Olney, who will step down at the end of the year. Weissburg, who will take over the post Jan. 1, has served as president of VFS since 2010 and before that he was president of Volvo Financial Services Americas from 2005 to 2010.
From his work with VFS, Weissburg has worked in close relationships with Volvo CE dealers for many years and has extensive and in-depth knowledge of the Volvo CE business.
“I am extremely satisfied to see Martin as president of Volvo CE,” said Volvo Group president and CEO Olof Persson. “During his time with VFS, Martin has proven to be a strong and dynamic leader who has taken VFS to higher levels. He is a proven operational expert who drives efficiencies and profitable growth, as well as develops talent and internal culture, and I am certain that he will continue to deliver very well in his new role.”
Weissburg already had years of global leadership experience in the construction equipment business before joining Volvo. He served as president of Great Dane Financial, and as president of manufacturer Woodard LLC. He began his professional career in construction equipment when he joined Caterpillar after university as a marketing management trainee. Weissburg has a bachelor of science from Purdue University and an MBA in international business from George Washington University.
“It is with great pride and excitement that I take on this new position within the Volvo Group,” Weissburg said. “During my time as president of VFS, I have worked with very close ties to Volvo CE and I look forward to driving and developing the Volvo CE business in all markets and customer segments.”
Volvo has begun a search to replace Weissburg.
