Beacon Funding made several strategic promotions and the appointment of new hires to its leadership team, highlighted by the promotion of Mark Belanger to executive vice president/chief operations officer.

As EVP/COO, Belanger will oversee the company’s operational efficiency across various functional leasing initiatives to ensure the company continues to render top service to clients looking to finance new and used equipment during Beacon’s rapid growth phase.

“With Mark’s experience as executive vice president and managing director at Deutsche Leasing, he has brought years of knowledge and vision in the equipment leasing industry to Beacon Funding,” said Sam Oliva, CEO of Beacon Funding. “This has contributed and will continue to contribute to our growth, improvement and overall success.”

Belanger’s leasing industry expertise coupled with the swift impact he has made as the vice president of operations since his arrival in 2016 spurred his promotion to EVP/COO.

“I was and continue to be excited for the opportunity to join Beacon Funding in large part due to how well the company is positioned in our vertical segments, the vision and drive to succeed that spills down from the top, and the limitless technology platforms we have at our disposal,” Belanger said. “I am thankful for the continued trust placed in my hands by Sam and Toby and am happy to be a part of the team contributing to further growth.”

In addition to Belanger’s promotion, Beacon also added to the vice presidential structure in select departments. The newly appointed vice presidents are:

• Supreeth Bhat – vice president of eCommerce
• Derek Greene – vice president of Asset Management
• Steve Harnden – vice president of Marketing
• Christopher Lee – vice president of Network Operations, newly hired
• Elizabeth Oliva – vice president of Human Resources

These appointments follow the recently announced promotion of Toby McDonough to president and the hiring of Ken Karpel as vice president of Sales.

“Over the past several years, Beacon Funding has undergone significant growth, and our organization is taking the necessary steps to plan for our continued growth and success in the years to come,” McDonough said. “I remain confident that our strong leadership team will not only continue to provide our clients and business partners with a great equipment financing experience, but also safeguard our operations in anticipation of the challenges and risks that come with such growth.”