• Steve heads up Volvo Car Financial Services UK (VCFSUK), the provider of wholesale funding to Volvo’s UK retail network and finance products for new and used car customers
• VCFSUK is a 50:50 joint venture between Volvo Cars and Santander Consumer (UK)
• Steve takes up his new role on 1 September 2022
Volvo Cars is pleased to announce the appointment of Steve Catlin as the new Managing Director of Volvo Car Financial Services UK (VCFSUK).
He takes up the reins of the business which provides wholesale funding to Volvo Cars’ UK retail network and competitive finance products for customers purchasing new and used cars. VCFSUK was established at the start of 2021 as a 50:50 joint venture between Volvo Cars and Santander Consumer (UK) to provide agile and quick responses to changing market dynamics.
Steve has extensive experience in the UK automotive sector, having held senior roles with a number of manufacturers. He joins Volvo Car Financial Services UK from Volkswagen Group UK where he was most recently Director of Sales, People and Network Development for Audi UK.
He said: “I am looking forward to working with an amazing brand such as Volvo Cars that has 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 deliver innovation and provide a flexible platform for our customers and partners in the future will be key factors in securing success.”
Kristian Elvefors, Volvo Car UK Managing Director, said: “I am pleased to welcome Steve to Volvo Car Financial Services UK and his new role. Financial services are crucial to Volvo’s operations, and they will play an even bigger role in the future as we further develop as a company. I look forward to working closely with Steve to ensure our two businesses remain aligned and wholly focused on meeting the needs of all our customers.”
Steve starts his new position on 1 September 2022, following the retirement of the current Managing Director, David Baddeley, on 31 August.