Industry veteran retires after 50 years

Nations Equipment Finance, a leading provider of equipment financing to middle market companies, has announced the retirement of Tom Fanelli, chief risk officer, after 50 years in the equipment finance industry.

Fanelli started in the equipment finance business in 1967 as a collector with what was then known as General Electric Credit Corporation.

He rose in the company to become a GE Capital officer and the chief risk officer for the commercial equipment finance division of GE Capital.

He retired from GE in 2009 and joined a group of GE Capital colleagues in founding Nations Equipment Finance.

Nations opened for business in 2010 and has grown to be one of the largest independent equipment finance businesses in the US.

Phil Carlson, CEO of Nations, said: “Tom Fanelli is well-known in the equipment finance industry and we are sad that he is retiring.

“He was an important member of our management team and helped us to build our company. We wish him all the best in his retirement.”