VOLKSWAGEN Financial Services (VWFS) has appointed Mike Todd as its new Chief Executive Officer.

Mike takes over from David Maloney who has decided to leave VWFS after a successful 16 year international career.

Mike returns to VWFS in the UK after two years as Country Manager for Volkswagen Bank Ireland. 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.

Before going to Ireland, Mike had been Chief Commercial Officer at VWFS, having joined the organisation in 2000.

Mike 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.”

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