GREENSBORO, NC (April 10, 2008) - Volvo Financial Services, the finance arm of the Volvo Group, has announced it promoted Patrick Shannon to Vice President of Construction Equipment Financial Services. Shannon is responsible for all customer, dealer and franchise finance activities for Volvo Construction Equipment and Volvo Rents in North America.
Shannon has been with Volvo Financial Services since 1995 and has 20 years equipment finance experience. His last assignment was working as a Volvo Financial Services’ Vice President, responsible for Risk, Wholesale, Volvo Rents and other business areas.
Volvo Financial Services provides financial services for the construction equipment, truck, bus, aerospace and marine industries. The primary brands it supports are Volvo Construction Equipment, Volvo Rents, Volvo Trucks, Mack Trucks, Prevost Bus and Volvo Penta.
Volvo Financial Services is the finance arm of the Volvo Group. The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and is the world's leading producer of heavy-diesel engines (9-18 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2007 amounted to over 42 BUSD. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on OMX Nordic Exchange Stockholm and are traded OTC in the US.
For more information about Volvo Financial Services North America, visit our web site at www.us.vfsco.com
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For information or an interview, please contact:
Allison Long
Marketing & Corporate Communications Manager
Volvo Financial Services North America
336 931 4293
allison.long@vfsco.com