Sjöstedt will work to continue building relationships with VFS colleagues and Volvo Group business area partners in support of customers and dealers across the region. Through this, he will help accelerate the growth of VFS’ financing and insurance solutions.
“As the captive finance provider for the Volvo Group, VFS drives customer success by combining knowledge of the Group’s products with an understanding of our customers’ business needs,” said VFS President Marcio Pedroso. “Jörgen’s broad product and commercial experience, as well as his talent for developing strong relationships, will help us accomplish our goals within the region, and I look forward to his positive impact.”
Sjöstedt brings more than 30 years of Volvo Group experience to his new role. After spending 10 years in purchasing with Volvo Trucks, he moved into product management and commercial roles with Volvo Buses. In 2018, Sjöstedt was named managing director for Volvo Group Peru, representing several Group business areas and overseeing the Peru market introduction of VFS. From 2020, Sjöstedt served as senior vice president, Europe South & West, for Volvo Trucks, covering the markets of France, Italy, Spain, the UK, and private importers.
“VFS plays a key role in helping customers acquire the vehicles and machines they need to keep their businesses moving forward,” said Sjöstedt. “That has never been more true than in today’s evolving world, and I am excited for the opportunity to accomplish that by working closely with our customers, our dealers, and our Volvo Group partners.”
Sjöstedt earned a Master of Science degree in mechanical engineering, specializing in energy technology, and a BSc in economics from Lund University in Sweden.
April 28, 2026
Volvo Financial Services is the captive finance arm of the Volvo Group, providing financial services and solutions that meet the needs of our customers today and into the future. Dedicated to innovation, VFS is supporting society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Gothenburg, Sweden, and serves Volvo Group customers and dealers in about 40 markets. For more information, please visit www.volvofinancialservices.com or follow us on LinkedIn.
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.
