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Volvo Financial Services Reorganizes Regions, Names Leaders

November 23, 2020, 07:24 AM

Volvo Financial Services (VFS) announced a reorganization of its European and Asia Pacific regions to provide customers an even higher level of service through faster decision making, increased clarity and empowerment of roles, and improved alignment to Volvo Group brand organizations.

Effective Jan. 1, 2021, VFS’ current Europe, Middle East and Africa (EMEA) region will transition to three new regions: VFS Europe – South & West, VFS Europe – North & Central and VFS Europe – Central East & East. VFS’ current Asia Pacific (APAC) region will transition to VFS International.

“Volvo Financial Services is always looking for ways to increase our speed in decision making and be closer to our customers so we can deliver greater value to them. This reorganization will help accomplish that and will help us find even more ways to meet our current and future customers’ needs,” said Marcio Pedroso, President, VFS. “It is also an important step in our aim to identify areas in our organization with the potential for future business growth.”

VFS also announced leadership positions for each of the newly created regions.

  • Tabitha Carpenter has been appointed Senior Vice President, VFS Europe – South & West region, with responsibilities for markets including France, Spain, Italy, UK and Ireland. To be based in Lyon, France, Carpenter has more than 20 years of experience in the finance industry. Carpenter joined VFS in 2003 and has held positions of increasing responsibility since, most recently as regional vice president and managing director, South & Middle East Africa (MEA) for the EMEA region. Carpenter is a member of the UK’s Chartered Institute of Management Accountants.
  • Johan Hoff has been appointed Senior Vice President, VFS Europe – North & Central region, with responsibilities for markets including Sweden, Denmark, Finland, Norway, Germany, Austria, Switzerland, Belgium, Luxembourg and Netherlands. Based in Gothenburg, Sweden, Hoff brings more than two decades of experience within the Volvo Group. Most recently, Hoff served as president of the EMEA region. Hoff holds qualifications in finance and accounting from University West, in Sweden, a bachelor’s degree in finance from Swinburne University of Technology in Melbourne, Australia, and a master’s degree in applied finance from Macquarie University in Sydney, Australia.
  • Luis Schunk has been appointed Senior Vice President, VFS Europe – Central East & East, with responsibilities for markets including Poland, Ukraine, Russia, Belarus, Romania, Bulgaria, Macedonia, Montenegro, Serbia, Czech Republic, Croatia, Hungary, Slovenia, Slovakia and the Baltic states of Lithuania, Estonia and Latvia. Schunk, who will be based in Warsaw, Poland, brings an extensive track record of building and managing financial services businesses. He joined VFS in June 2019 as vice president and managing director for Germany, Austria and Switzerland, following senior roles at Avantalion Consulting Group and Volkswagen Financial Services. Schunk holds a degree in business administration from the Johann Wolfgang Goethe University in Frankfurt, Germany.
  • Paul Le Houillier has been appointed Senior Vice President, VFS International, with responsibilities for markets including China, Australia, India, South Korea, South-East Asia Alliance markets and Japan. In addition, the market of Turkey, Morocco and South Africa will transition into VFS International. Paul Le Houillier, who will remain based in Beijing, China, has served in a number of senior leadership roles in more than 20 years with VFS, most recently as president of the VFS APAC region. Paul earned a bachelor’s degree from the University of Montreal and is a Certified Public Accountant.

Carpenter, Hoff, Schunk and Le Houillier will report to Marcio Pedroso, President Volvo Financial Services, and will serve as members of the VFS Executive Management Team.

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