Volvo Cars has appointed Steve Catlin of Audi UK as Managing Director of Volvo Car Financial Services UK (VCFSUK).
Catlin takes over the business which provides wholesale finance to Volvo Cars UK retail network and finance products for customers buying new and used cars.
VCFSUK was created in early 2021 as a 50/50 joint venture between Volvo Cars and Santander Consumer (UK) to provide answers to changing market dynamics.
Volvo Cars said Catlin has extensive experience in the UK automotive sector, having held senior roles with manufacturers.
He joins the company from Volkswagen Group UK where he was until recently Director of Sales, People and Network Development for Audi UK.
Kristian Elvefors, Managing Director of Volvo Car UK, said: “I am delighted to welcome Steve to Volvo Car Financial Services UK and to his new role.
“Financial services are crucial to Volvo’s operations, and they will play an even more important role in the future as we grow as a business.
“I look forward to working closely with Steve to ensure that our two businesses remain aligned and fully focused on meeting the needs of all of our customers.”
Commenting on his appointment, Catlin said: “I look forward to working with an incredible brand like Volvo Cars who have been at the forefront of bringing positive change to the automotive landscape.
“I believe financial services plays a critical role in supporting the transformation we are witnessing in the industry. How we innovate and provide a flexible platform to our customers and partners in the future will be a factor. key to ensuring success.”
Catlin takes office today (September 1) following the retirement of Chief Executive David Baddeley yesterday (August 31).