David Maloney VWFS profile:
- New CEO of VWFS (UK) from 1 May,2016
- Overseeing total contract portfolio of over 850,000 customers
- Succeeds Graham Wheeler who is ‘pursuing another opportunity in the automotive finance industry’
- Since 2014 been head of region Europe West for VWFS, overseeing markets in Norway, Sweden, Netherlands, Belgium, Portugal and Ireland
- 2011-2014 was joint-managing director of VWFS Australia
- Previously business development director of VWFS (UK) to 2011
DAVID Maloney is to take over as chief executive officer for Volkswagen Financial Services UK Ltd (VWFS) and is expected to start on 1 May, 2016.
Replacing Graham Wheeler – who has decided to pursue another opportunity within the automotive finance industry – David will lead the company as it supports Volkswagen Group’s desire to be a leading mobility provider by 2025.
David will be working with Albert van den Bergh, the chief financial officer, in developing VWFS (UK) and its suite of products and services for the UK market. He joins with over 35 years’ experience in the industry, and previously worked at VWFS (UK) as business development director.
While in post he developed many of the products and services currently used in the market by the company. In 2011 he was promoted to joint-managing director of VWFS Australia and since 2014 has been head of region Europe West for VWFS, where he oversaw markets in Norway, Sweden, the Netherlands, Belgium, Portugal and Ireland.
David commented on his appointment: “It’s fantastic to be coming back to the UK market at such an exciting time.
“VWFS has seen significant growth culminating in 2015 witnessing almost 373,000 new finance contracts, over 390,000 new insurance and aftersales contracts and a total contract portfolio of over 850,000 customers.
“Our customers’ needs are changing and are demanding more novel approaches to car ownership. This is a truly exciting time for the automotive industry as traditional business models are changing due to internet-enabled technology and services.
“I’m delighted to be leading the company with Albert and the rest of the board through its next period of growth.”
The changes follow Volkswagen Group’s announcement of its intentions to become a leading mobility provider by 2025 at the Geneva International Motor Show.