Volvo Financial Services, the captive finance arm of the Volvo Group, appointed Jörgen Sjöstedt senior vice president of VFS’ Europe North and Central region. Based in Gothenburg, Sweden, Sjöstedt will have full profit and loss responsibility for the region, which includes the markets of Austria & Switzerland, Belgium, Denmark, Finland, Germany, the Netherlands, Norway and Sweden.
Sjöstedt will work to continue building relationships with VFS colleagues and Volvo Group business area partners in support of customers and dealers across the region. Through this, he will help accelerate the growth of VFS’ financing and insurance solutions.
“As the captive finance provider for the Volvo Group, VFS drives customer success by combining knowledge of the group’s products with an understanding of our customers’ business needs,” Marcio Pedroso, president of VFS, said. “Jörgen’s broad product and commercial experience, as well as his talent for developing strong relationships, will help us accomplish our goals within the region, and I look forward to his positive impact.”
Sjöstedt brings more than 30 years of Volvo Group experience to his new role. After spending 10 years in purchasing with Volvo Trucks, he moved into product management and commercial roles with Volvo Buses. In 2018, Sjöstedt was named managing director for Volvo Group Peru, representing several group business areas and overseeing the Peru market introduction of VFS. From 2020, Sjöstedt served as senior vice president, Europe South and West, for Volvo Trucks, covering the markets of France, Italy, Spain, the UK and private importers.
“VFS plays a key role in helping customers acquire the vehicles and machines they need to keep their businesses moving forward,” Sjöstedt said. “That has never been more true than in today’s evolving world, and I am excited for the opportunity to accomplish that by working closely with our customers, our dealers, and our Volvo Group partners.”
Sjöstedt earned a master of science degree in mechanical engineering, specializing in energy technology, and a BSc in economics from Lund University in Sweden.
