New board of directors and officers for ELFA

Robert “Bob” Rinaldi, CEO of Commercial Industrial Finance, has been named as the new chairman of the board of the ELFA, while William Stephenson, CEO and chairman of the executive board of DLL, takes up the post of chairman-elect.

“It is a distinct honor to serve as chairman of the board of ELFA,” said Rinaldi. “Participating in ELFA has always been my way of giving back to the industry that has been so good to me on so many levels. The equipment leasing and finance industry has been and continues to be a major catalyst in the growth of the US economy, contributing to GDP growth, increases in productivity, jobs and, of course, capital.”

Rinaldi has more than 27 years of experience in equipment finance and has been an active participant in ELFA for more than 15 years, including previous spells on the board of directors and working for ELFA’s research affiliate, the Equipment Leasing & Finance Foundation.

Prior to joining Commercial Industrial Finance as CEO in January 2014, he served for four years as senior vice president at CSI Leasing. Previously, Rinaldi held roles as executive vice president of bank-owned lessor National City Commercial Capital (now PNC Equipment Finance) and as president of National City Commercial Capital Canada. Prior to that, he and his partners founded Information Leasing Corporation in 1984, which they subsequently sold to Provident Bank of Cincinnati, later acquired by National City Bank.

The new members of the ELFA Board of Directors include:

• Andrew Bender, CEO, GSG Financial LLC;
• Michael DiCecco, president, Huntington Equipment Finance;
• John Evans, executive VP, Equipment Finance Division, Bank of the West;
• Sanjay Kumar, senior director, Worldwide Technology and Channel Financing, Cisco Systems Capital Corporation;
• David Mirsky, CEO, Pacific Rim Capital;
• William Phelan, president, PayNet.

The new board of directors and offices will serve for 12 months, and full details of all board members are available on the ELFA website at http://www.elfaonline.org.