Martin Weissburg appointed president of Volvo CE

Volvo Construction Equipment has appointed Martin Weissburg as its new president, effective 1 January, 2014.

Currently president of the Volvo group’s customer finance company, Volvo Financial Services (VFS), and a member of the group executive team, Weissburg replaces Pat Olney, who announced in October that he would be stepping down as president of Volvo CE at the end of this year.

Weissburg has been president of VFS since 2010, and prior to that he served as president of Volvo Financial Services Americas from 2005 to 2010.

Within his position at VFS, Weissburg worked in close relationship with Volvo CE dealers for many years and has extensive and in-depth knowledge of the Volvo CE business, according to the company.

“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."

Weissburg said, “It is with great pride and excitement that I take on this new position within the Volvo group. During my time as president of VFS, I have worked with very close ties to Volvo CE and I look forward to driving and developing the Volvo CE business in all markets and customer segments."

Volvo said it had begun its search for a replacement for Weissburg.