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June 2010 – Press Release
Volvo Financial Services Names New President GREENSBORO, NC (June 25, 2010) – Volvo Financial Services announced that Leo Hawkes has been appointed President of its Region the Americas operations, with responsibility for the North America, Latin America and South Africa markets. Hawkes has been with Volvo Financial Services since 2001 and has over 26 years in financial management experience. Hawkes replaces Martin Weissburg, who has been appointed President of Volvo Financial Services global operations. Hawkes comments “It is an exciting time to lead the Volvo Financial Services Region the Americas team, as we emerge from an economic downturn into a future of market stability and prosper. I look forward to building on the success of the Volvo Financial Services organization, and continuing to support our Mack and Volvo brand manufacturers, dealers and customers.” Hawkes has been with Volvo Financial Services since 2001. His last position was Chief Financial Officer for the Americas. Prior to joining Volvo Financial Services, Leo held various executive positions with General Electric, W.W. Grainger, Inc. and other companies. In his new position, Hawkes will be located in Volvo Financial Services Greensboro, N.C. headquarters and report to Martin Weissburg. Volvo Financial Services is the finance arm of the Volvo Group. The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and is the world's leading producer of heavy-diesel engines (9-18 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2007 amounted to over 42 BUSD. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on OMX Nordic Exchange Stockholm and are traded OTC in the US. For more information about Volvo Financial Services, visit our web site at www.us.vfsco.com For questions or an interview, please contact:
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