Construction

New president for Volvo CE

Financial head Martin Weissburg takes the helm at Swedish giant

Weissburg is currently President of the Volvo Group’s customer finance company

Weissburg is currently President of the Volvo Group’s customer finance company

Volvo Construction Equipment has announced that Martin Weissburg, aged 51, will be the new president of the business unit, effective January 1, 2014, replacing outgoing president Pat Olney.

Weissburg is currently President of the Volvo Group’s customer finance company, Volvo Financial Services, VFS, and a member of the Group Executive Team, a position he has held since 2010. Prior to that he served as President of Volvo Financial Services Americas from 2005 to 2010.

Within his position at VFS, Weissburg has worked in close relationship 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 as in his new role.”

Prior to joining the Volvo Group, Weissburg has many years of global leadership experience tied to distribution and sales of heavy equipment. Weissburg has served as President of Great Dane Financial, and as President of the manufacturing company Woodard LLC. He started his professional career in the field of construction equipment when joining Caterpillar out of university as a marketing management trainee.

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