MONTVALE, N.J. — Volvo Financial Services has announced that Martin (“Marty”) Weissburg will succeed Jim Ryan as president and CEO of Volvo Commercial Finance (VCF), its North American captive finance company. Weissburg takes up his position Sept. 19.

Weissburg has broad experience in equipment and commercial finance. Previously, he was president of Great Dane Financial and a senior VP of Orix Financial. He also worked in capital markets for Heller Financial and held positions with Caterpillar in the construction equipment and finance areas. Weissburg holds a bachelor’s degree in management from Purdue and an MBA from George Washington University.

“We are delighted that Marty will be leading our growing North American operations,” said VFS president and CEO, Sal Mauro. “He is eager to align Volvo Commercial Finance closer with its Volvo and Mack-branded dealers and customers. Marty also understands the vital and demanding role which a captive finance company plays and looks to build upon the excellent relations which Jim Ryan built up over the past number of years with Volvo Trucks, Mack Trucks, Volvo Construction Equipment, Volvo Buses, Volvo Aero and VCF’s other U.S. affiliates”.

Ryan, who previously headed Volvo’s U.S. car finance operations, led a turnaround drive at Volvo Commercial Finance beginning in 2001.

“We are very grateful for Jim’s invaluable contributions,” Mauro said. “He streamlined VCF’s operations and launched the Mack Commercial Finance program, among many other lasting achievements.”

Ryan will remain at VCF to assist with the transition and other assignments through year-end.