Mahindra Finance USA announced the appointment of Javier Pelaez as the Mahindra Finance USA Joint Venture (JV), Managing Director. In his role, Pelaez will lead the JV management team consisting of Sales, Operations and Risk to develop and implement financial products and services to drive growth for Mahindra Ag North America (MAgNA) and its dealers in the U.S.
“We are excited to announce Javier’s appointment in coordination with the recently signed renewal of the Mahindra Finance USA joint-venture program,” said Rod Versteegh, President of DLL’s Food and Agriculture Global Business Unit. “Javier’s track record throughout his career is a testament to his passion for the industry and his commitment to building continued success.”
Additional responsibilities include a focus on the strategy, direction and financial performance of the JV, as well as engaging with the MAgNA and Mahindra Financial Services Limited (MMFSL) organizations.
Speaking on the appointment, Ramesh Iyer, VC & MD, Mahindra Finance mentioned, “It is our pleasure to welcome Javier to the leadership team of Mahindra Finance USA. As we diversify our offerings within the U.S. market, the next 3-4 years could really be critical capitalizing on all emerging opportunities. I am sure that Javier’s two-decade plus experience and leadership will take Mahindra Finance USA to greater heights.”
Pelaez has over 20 years of experience in banking, leasing, and financial services, and has been with DLL since 2004 in both Europe and North America regions. Pelaez holds a Bachelor of Economics and a Bachelor of Business Administration from the University of Alcala de Henares, Madrid, and has a strong professional background serving various roles including Risk Management, Program Management and Country Sales Management.
Mahindra Finance USA (MFUSA) is a joint venture between Mahindra and Mahindra Financial Services Limited (MMFSL), Mahindra Group’s financial services company headquartered in Mumbai, India and De Lage Landen Financial Services, Inc. (DLL), a wholly owned subsidiary of Rabobank Group. Located in Houston, Texas, MFUSA is the financier for Mahindra’s U.S. based subsidiaries. MFUSA provides Retail and Wholesale financing solutions to Mahindra Ag North America, its dealers and end-users throughout the U.S.