Volvo Financial Services (VFS), the captive finance arm of the Volvo Group, appointed Ruy Meirelles as senior vice president of its Latin American operations and president of Banco Volvo in Brazil, effective Aug. 1, 2026. In this role, Meirelles will lead the division’s business activities across the region, with full profit and loss responsibility for operations in Brazil, Chile, Peru and Mexico.
“I assume this new position with enthusiasm and motivation to continue strengthening Volvo Financial Services’ operations in Latin America,” Meirelles said. “We have a solid operation, close to our customers and dealers, and we will remain focused on delivering financial solutions that support sustainable business growth across the region.”
Meirelles has been with VFS for more than 17 years, holding strategic positions in Brazil and Europe. Prior to his new appointment, he served as vice president of finance for Europe, based in Gothenburg, Sweden. Throughout his career with the organization, he has also served as vice president of finance, credit & risk for VFS’ north and central region within Europe, vice president of finance for the Europe, Middle East and Africa region, president of VFS Brazil, and chief financial officer for Latin America. In addition, Meirelles has held financial leadership positions in other international markets, including Mexico and the United States.
With solid international experience and more than two decades in the financial sector, Meirelles earned a degree in economics from the State University of Campinas (Unicamp), an MBA in finance from FGV EAESP and an International MBA from FIA Business School. In addition, he has completed executive leadership programs at the International Institute for Management Development (IMD) in Lausanne, Switzerland.
Meirelles succeeds Silvia Gerber, who will assume the position of president of Volvo Group Latin America on August 1. Meirelles’ appointment as president of Banco Volvo in Brazil is subject to approval by the Central Bank of Brazil.
