5/28/2012

Volvo Financial Services announces Teresa Davidson receives the 2012 Edward A. Groobert Award for Legal Excellence



by Holly Moreau

GREENSBORO, NC (May 28, 2012) – Volvo Financial Services announced that Teresa Davidson, Vice President, Legal and General Counsel for its North America and Latin America regions, has received the 2012 Edward A. Groobert Award for Legal Excellence given by the Equipment Leasing and Finance Association (ELFA).

The distinguished award is presented each year to an attorney who has made significant contributions to ELFA and the equipment finance industry.  Criteria for this award include furthering the body of knowledge related to legal matters pertaining to the industry and serving as a strong advocate for the industry in state and local matters.  The winner was announced at the ELFA 2012 Legal Forum held on April 30, 2012 in Austin, Texas.

“This award is an outstanding acknowledgement of Teresa’s commitment and hard work,” stated Leo Hawkes, Region President of Volvo Financial Services the Americas.  “Her dedication, intellect and leadership have had a tremendously positive effect on our business and the entire industry.”

For more than a decade, Ms. Davidson has actively participated in ELFA, lending expertise and leadership in a number of projects and initiatives.  She has been a contributing member of the Legislative and Regulatory Subcommittee of the Legal Committee since 2005, providing support in matters involving federal and state legislative and regulatory proposals.  Her accomplishments include contributing to the drafting of the Graves Amendment in 2005 and other successful lobbying efforts for the equipment and heavy duty transportation industry.   A former Chair of the Legal Committee of ELFA, she has also served as a founder and Chair of the Motor Vehicle Legal Subcommittee and the Chair of the Accounting Legal Subcommittee.

Martin Weissburg, Volvo Financial Services President, comments “Teresa plays a strong leadership role in representing Volvo Financial Services and the legal community in the equipment finance industry.  I congratulate her on this well-deserved recognition and honor in receiving this distinguished service award.”

Ms. Davidson is currently a Co-Chair of the Equipment ABS Issuer Sub-forum of the American Securitization Forum and a member of the Corporate Counsel Association, the North Carolina Bar Association and the State Bar of Arizona and a fellow of the American College of Commercial Finance Lawyers.  She obtained a JD with honors from the University of Tennessee and a BA with distinction from the University of Virginia.

Volvo Financial Services is the finance arm of the Volvo Group, one of the world’s leading providers of commercial transport solutions.  The company provides financial services for the truck, construction equipment, bus, aerospace and marine industries.  The primary brands it supports are Volvo Trucks, Volvo Construction Equipment, Mack Trucks, Prevost Bus, Renault Trucks and UD Trucks.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications and aerospace components. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 115,000 people, has production facilities in 20 countries and sells their products in more than 190 markets. In 2011 annual sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm. For more information, please visit www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone.

For more information about Volvo Financial Services, visit our web site at www.vfsco.com.

For more information, please contact:

Holly Moreau
Marketing Communications Manager
Volvo Financial Services USA
Phone: 336.931.4496; Cell: 336.314.7198
holly.moreau@vfsco.com

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