GREENSBORO, NC – Volvo Financial Services announced that Stephen Yonce has been promoted to Vice President of Truck Financial Services for the U.S. division of Volvo Financial Services. In this leadership role, Yonce will have responsibility for the truck financial services sales team and become a member of the U.S. executive team.
Yonce has been with Volvo Financial Services since 1997 and promoted to roles with increasing responsibility in both sales and operations throughout his tenure. Yonce will report to Tom Guse, President of the U.S. division of Volvo Financial Services.
Volvo Financial Services is the finance arm of the Volvo Group, one of the world’s leading providers of commercial transport solutions. The company provides financial services for the truck, construction equipment, bus, aerospace and marine industries.
The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, and aerospace components, and is one of the world's leading producers of heavy-diesel engines (9-16 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs more than 90,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2010 amounted to 36.7 BUSD. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on Nasdaq OMX Nordic Exchange and are traded OTC in the US.