Sven Jirgal was named as the new chairman of the European Captives Form at a meeting held earlier this month at the global headquarters for Volvo Construction Equipment.

Jirgal is vice president and chief operating officer at Cisco Capital, and takes over the chairman role from Nils Jaeger, president of Volvo Financial Services for  EMEA.

Jaegar served as chairman for two and a half years and as vice chairman for the year prior. He will continue to serve the forum from the executive committee.

Jaegar said: “I have enjoyed my years in the role of chairman and am pleased to have presided over a period of growth in activities and membership.

The record attendance at my final meeting as chairman was particularly rewarding. I am sure that the Forum will continue to flourish under the chairmanship of Sven Jirgal.”

Jaegar handed over the chair to Jirgal at the conclusion of the meeting.

Jirgal said: “I am delighted to take over the chair from Nils who has ensured that the Captives Forum is in a strong position as it moves forward.

“I have every confidence that the Captives Forum is a trade association which will continue to bring meaningful and relevant topics to its members.”