Key Equipment Finance announces strategic hires and promotions

lempko david

Key Equipment Finance, one of the largest bank-held equipment finance companies in the US and an affiliate of KeyCorp, has made a series of key appointments.

In its commercial vendor finance team, David Lempko (pictured above) has been promoted to senior vice-president, strategic growth accounts for the technology segment.

Lempko was named senior vice-president and middle market sales director at the business last year, shortly after KeyCorp acquired First Niagara, where he served as president of the equipment finance division.

In his new role, Lempko will lead origination of new business and relationship management for strategic programs with significant growth potential in Key Equipment Finance’s technology finance segment.

Shawn Arnone has also been promoted to senior vice-president, major accounts for the technology segment. He previously served as vice-president, wholesale sales leader, for the technology team and was responsible for overseeing all department activities with established vendor programs.

In his new position, he will lead the origination of new business and relationship management for programs with major technology providers.

Doug Nielsen has joined Key Equipment Finance as senior vice-president of business development for the company’s vendor finance team.

He will be responsible for leading vendor business development and program management, which includes setting strategic direction and managing five business development sales executives for both Key Equipment Finance and Key Government Finance.

Nielsen has 30 years of experience in senior management, business development and sales within the equipment finance industry.

Loren Hill, senior vice-president, commercial vendor, Key Equipment Finance, said: “Vendor finance is a critical component of Key Equipment Finance’s overall business strategy, and we have been methodical in selecting a team that can most effectively deliver our products and solutions to current and prospective clients in this market.”

The company has also named Philip Turner as its new executive vice-president and head of originations business processing teams.
Turner will lead the teams responsible for client experience, program development, and originations risk and controls for the company’s bank channel, commercial vendor, government finance, capital markets and specialty finance units.

Adam D. Warner, president of Key Equipment Finance, said: “Phil brings to this position more than 30 years of strategic leadership and credit management experience across a wide variety of sectors, geographies, and banking and finance models.

“I’m excited to welcome Phil back on our team, and I look forward to working with him as he leads the onboarding of all relationships and transactions for Key Equipment Finance.”

Previously, Turner was executive vice-president, senior group credit executive of community banking commercial credit for KeyBank, which followed a position as executive vice-president, group credit executive, Key Equipment Finance, which he joined in 2009.

Prior to joining Key, Turner held senior roles at CIT and Barclays, including a number of international roles in the United Kingdom, Middle East and Africa.

Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $13 billion in assets and originates nearly $6 billion of equipment financing annually.