Mahindra Finance USA Names Pelaez Managing Director

Mahindra Finance USA appointed Javier Pelaez managing director of Mahindra Finance USA Joint Venture (JV). Pelaez will lead the JV management team consisting of sales, operations and risk to develop and implement financial products and services to drive growth for Mahindra Ag North America (MAgNA) and its dealers in the United States.

“We are excited to announce Javier’s appointment in coordination with the recently signed renewal of the Mahindra Finance USA joint venture program,” Rod Versteegh, president of the food and agriculture global business unit for DLL, said. “Javier’s track record throughout his career is a testament to his passion for the industry and his commitment to building continued success.”

Pelaz will also focus on the strategy, direction and financial performance of the JV, as well as engaging with the MAgNA and Mahindra Financial Services organizations.

“It is our pleasure to welcome Javier to the leadership team of Mahindra Finance USA,” Ramesh Iyer, vice chairman and managing director for Mahindra Finance, said. “As we diversify our offerings within the U.S. market, the next three to four years could really be critical capitalizing on all emerging opportunities. I am sure that Javier’s two-decade plus experience and leadership will take Mahindra Finance USA to greater heights.”

Pelaez has more than 20 years of experience in banking, leasing and financial services, and has been with DLL since 2004 in both Europe and North America regions. Pelaez has a strong professional background serving in various roles, including risk management, program management and country sales management.

Mahindra Finance USA is a joint venture between Mahindra and Mahindra Financial Services Limited (MMFSL), Mahindra Group’s financial services company headquartered in Mumbai, India, and DLL.

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