Mack Trucks has announced a leadership change at its Mack Financial Services captive finance arm. Effective July 1, Patrick Shannon will be the President of Mack Financial Services, North American region.

In this role, Shannon will be responsible for the business operations and financial performance for MFS in the U.S., Canada and Mexico. Shannon has more than 30 years of experience in business operations and financial services and has had various senior leadership roles in sales, wholesale operations and risk management. He most recently was the Senior Vice President of Risk and Chief Credit Officer for MFS.

Mack Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines.

Volvo Financial Services also has announced Shannon has been appointed President of the company’s North America region. In this role, he will be responsible for the business operations and financial performance for VFS in the U.S., Canada and Mexico.

Shannon has over 30 years of experience in business operations and financial services, the majority of those with VFS and Volvo Group. He has held various senior leadership roles in sales, wholesale operations and risk management. He joined sister company Volvo Construction Equipment in North America as Vice President and Chief Financial Officer in 2009, and returned to VFS in 2012 as Vice President and later, Senior Vice President, Strategy and Business Development. Shannon’s most recent role was as Senior Vice President, Risk and Chief Credit Officer for VFS.  

“Shannon will be responsible for developing and maintaining relationships with Volvo Trucks’ customers and dealers, our Volvo Group business areas and partners in the region,” said Marcio Pedroso, President, Volvo Financial Services. “With his experience in working for the Volvo Group brand, and his long history at VFS, I am confident he will continue VFS’ successful growth and the strong support of our Volvo Trucks’ dealers and customers in these key markets.” 

Shannon holds a bachelor’s degree in Business Administration from Saint John’s University in Minnesota, and an MBA from Wake Forest University in North Carolina. He remains based in Greensboro, NC, reporting directly to Pedroso.