Volvo Construction Equipment last week announced that Patrick Shannon, vice president, construction equipment finance, Volvo Financial Services North America, Greensboro, N.C., has been appointed vice president, finance, and chief financial officer for Volvo Construction Equipment North America, Asheville, N.C. Shannon’s appointment is effective Sept. 1.
Shannon joined Volvo Financial Services North America in 1995 in a management position, and from 2002 to 2008 was a vice president primarily responsible for retail and wholesale financing, and risk management. In early 2008 he was appointed to his current position with VFSNA, managing its construction equipment financial business.
During the interim period, Shannon will work with his predecessor, Muriel Huyghebaert, to ensure a smooth and orderly transition of duties and responsibilities. Huyghebaert, presently the Volvo CE North America vice president, finance and chief financial officer, is returning to Brussels as vice president, finance, and chief financial officer for Volvo Construction Equipment Technology.
Volvo CE is a major international company developing, manufacturing, and marketing equipment for the construction and related industries. Its products include a comprehensive range of wheel loaders, hydraulic excavators, articulated haulers, motor graders, soil and asphalt compactors, pavers, milling machines, compact wheel loaders and excavators, and skid-steer and backhoe loaders. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden.