Volvo Financial Services Realigns Asia Pacific Organization to Better Serve Customers

BEIJING,Nov. 23,2020 -- Volvo Financial Services (VFS) today announced a reorganization of its Asia Pacific regional organization to provide increased support to the Volvo Group brand organizations,faster decision making and deliver an overall higher level of service to customers. Effective January 1,2021,VFS' current Asia Pacific (APAC) region will transition to VFS International and add markets in South Africa and Turkey. In addition,responsibility for the Morocco Alliance market will fall under VFS Turkey.

Paul Le Houillier,current head of VFS Region APAC,will assume leadership of the newly defined region as senior vice president,VFS International. In addition to the newly added markets,the region includes Japan,China,Australia,India,South Korea and South-East Asia Alliance markets.

"In order to serve our customers at an even higher level,we must continually assess and improve our organization to meet their ever-changing needs," said Le Houillier. "This realignment helps VFS better support the Volvo Group brand organizations,while positioning us closer to the markets to enhance our services and expand our business."

The realignment of VFS International is part of a larger VFS reorganization effort. VFS' current European regional organization has transitioned to include three new regions: VFS Europe – South & West,VFS Europe – North & Central and VFS Europe – Central East & East.

Volvo Financial Services (VFS) today announced a reorganization of its Asia Pacific regional organization. Effective Jan. 1,VFS’ current Asia Pacific (APAC) region will transition to VFS International and be led by VFS Senior Vice President Paul Le Houillier. VFS International headquarters will remain in Beijing,China.

Volvo Financial Services is a leader in the financial services industry,providing innovative products and services that help customers achieve their business goals. We develop solutions that deliver an exceptional customer experience,respond to changing business models and meet the demands of today's evolving environment.

Volvo Financial Services is part of the Volvo Group,which is driving prosperity through transport and infrastructure solutions,offering trucks,buses,construction equipment,power solutions for marine and industrial applications,innovative financial services that increase customer uptime and productivity. Founded in 1927,the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg,Sweden,employs almost 100,000 people and serves customers in more than 190 markets.