PR86813

BEIJING, Nov. 23, 2020 /PRNewswire=KYODO JBN/ --

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.

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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.

Source: Volvo Financial Services (VFS)

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   Link: http://asianetnews.net/view-attachment?attach-id=377830

   Caption: Volvo Financial Services (VFS) today announced a reorganization of its Asia

Pacific regional organization. Effective Jan. 1, 2021, 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.