Tibor Horvath will retire from full-time role as the global lead in the construction, transportation, and industrial (CT&I) Division at PEAC Solutions, effective July 31, 2025. A respected veteran in equipment finance, Horvath is concluding a distinguished four-decade career and transitioning into a consultant for PEAC, focusing on building the material handling and forklift business sectors.
“I have had the pleasure of working with Tibor for many years,” Bill Stephenson, global CEO of PEAC Solutions, said. “His knowledge, leadership and strong work ethic have played a crucial role in establishing PEAC Solutions as a leader in the construction industry. Less than three years ago, when we launched PEAC, we had minimal visibility or presence in the market. Thanks to Tibor’s dedication, we are now recognized as one of the leading global leasing companies in this sector.”
Horvath joined PEAC in 2022 during a time of strategic expansion. His focus on building scalable vendor relationships has positioned PEAC as a premier financing partner across the CT&I space. Under his leadership, this business segment grew from $125 million in volume in 2022 to $340 million in 2025, and he played a direct role in onboarding over 20 new vendor partners during that time.
Before joining PEAC, Horvath held executive leadership roles at several global finance institutions, contributing to his reputation as one of the industry’s most well-rounded and respected voices.
“As I reflect on my time working with Tibor, I can say the last three years have been the most transformative of my career, and I credit a lot of that to Tibor’s presence,” Ralph Cioffi, vice president – industrial retail sales at PEAC, said. “His leadership style didn’t just guide – it challenged. He consistently pushed boundaries, encouraging me to think beyond conventional limits and approach problems with bold, strategic vision.”
Throughout his time at PEAC, Horvath has been more than just a leader; he’s been a trusted mentor and advocate for his team and partners. His global perspective, deep industry expertise and people-first leadership style will leave a legacy at PEAC and within the equipment finance community.
“Tibor’s knowledge, experience and passion for equipment leasing in the material handling and construction segments is irreplaceable,” Jeff Gocken, vice president – national account manager at PEAC Solutions, said. “It has been my good fortune to have him as a mentor, a colleague, and most importantly, a friend.”
Horvath will continue to share his expertise and provide strategic guidance to PEAC Solutions.
