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Volvo has appointed Selwyn Cooper to the newly-created role of head of financial services with immediate effect.
Cooper will be responsible for managing and delivering the company's range of finance and insurance services.
He has worked for the Swedish company for more than 20 years, most latterly as head of business sales, where he was responsible for the firm's fleet division.
Last year, Volvo sold 47,000 vehicles in the UK - the highest figure for 25 years - and the company said it is on track to hit its target of 60,000 cars a year by 2020.
"I'm thrilled to be heading up the Financial Services division, especially at a time of such positivity for Volvo in the UK," Cooper said. "Our ambitious growth targets require a fully integrated approach to products and services, which will enable us to develop the premium financial, insurance and associated solutions to suit our increasingly sophisticated customer base."
David Baddeley, operations director, Volvo UK, said: "Selwyn has the perfect balance of finance house experience and a deep understanding of both our retail and business sales operations required for this role. His knowledge and expertise will be invaluable in ensuring that we have a range of finance products and services to meet the changing customer requirements."
Volvo is currently recruiting for a replacement head of business sales and will announce the appointment in due course.
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