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Thursday, October 29, 2020

Patrick Shannon Appointed President of Volvo Financial Services

Effective July 1st, Shannon will have overall responsibility for Volvo Financial Services’ business operations and financial results in the U.S., Canada and Mexico.

Volvo Financial Services (VFS) has announced that Patrick Shannon has been appointed president of the company’s North America region. In this role, he will be responsible for the business operations and financial performance for VFS in the U.S., Canada and Mexico.

Shannon has over 30 years of experience in business operations and financial services, the majority of those with VFS and Volvo Group. He has held various senior leadership roles in sales, wholesale operations and risk management. He joined sister company Volvo Construction Equipment in North America as vice president and chief financial officer in 2009, and returned to VFS in 2012 as vice president and later, senior vice president, strategy and business development. Shannon’s most recent role was as senior vice president, risk and chief credit officer for VFS. 

“Shannon will be responsible for developing and maintaining relationships with Volvo Trucks’ customers and dealers, our Volvo Group business areas and partners in the region,” says Marcio Pedroso, president, Volvo Financial Services. “With his experience in working for the Volvo Group brand, and his long history at VFS, I am confident he will continue VFS’ successful growth and the strong support of our Volvo Trucks’ dealers and customers in these key markets.”

Shannon holds a bachelor’s degree in Business Administration from Saint John’s University in Minnesota, and an MBA from Wake Forest University in North Carolina. He remains based in Greensboro, North Carolina, reporting directly to Pedroso.