Mike Todd has been appointed as Chief Executive Officer for Volkswagen Financial Services (UK) Ltd. Mike returns to VWFS UK following two years as Country Manager for Volkswagen Bank Ireland where, 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. Prior to this, he held the position of Chief Commercial Officer at VWFS UK, having joined the organisation in 2000.
Mike succeeds David Maloney who took the decision to leave VWFS after a successful 16 year international career.
Mike joins VWFS UK at an important stage of the organisation’s development and will play a key role in the future strategic growth of the business. The automotive industry continues to be a changing environment, with new regulations, technology advancement and a shift in consumer behaviour. Commenting on his new role, 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.”