Volvo and Mack Financial Services (VFS and MFS) have announced that Patrick Shannon has been appointed president of the 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 and MFS.
“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,” said Marcio Pedroso, president of 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.”