Volkswagen Financial Services UK (VFSUK) has appointed former chief commercial officer Mike Todd as its new chief executive officer, succeeding David Maloney.
Following two years as country manager for Volkswagen Bank Ireland where, during his tenure, the business achieved record results, launched the first full captive leasing service in Ireland and also became a leading VWFS market globally for customer loyalty.
Prior to this, he held the position of chief commercial officer at VWFS UK, having joined the organisation in 2000.
Todd said: “This is an exciting time for the motor finance industry as customer attitudes to car buying are clearly evolving with regards to the services they require from organisations such as ours.
"The UK remains one of the most important markets in Europe for automotive and motor finance and therefore I am delighted to be returning at this time.”
Todd succeeds David Maloney who took the decision to leave VWFS after a successful 16-year international career.
He joins VWFS UK at an important stage of the organisation's development and will play a key role in the future strategic growth of the business.
Todd will be working alongside chief financial officer Albert van den Bergh, in leading the UK approach to this changing environment and supporting the global vision of being the key to customer mobility.