Amur Equipment Finance Promotes Karman to Co-President

Amur Equipment Finance promoted Michael P. Karman to co-president. Karman will be working alongside Andrea Zana, AmurEF’s co-president and chief risk officer. In addition to his new responsibilities, Karman will retain his current position of chief commercial officer. Malia K. Du Mont, former co-president and chief operating officer, is stepping down to pursue other opportunities in academia, but will remain an advisor to AmurEF.

“Malia truly has been instrumental in leading our company’s transformation and growth for the last two years,” said Mostafiz ShahMohammed, AmurEF’s chairman and CEO. “Additionally, we are delighted that Michael has accepted his new role. As a highly respected industry veteran, Michael is a natural fit for the position and we are confident he will continue to build upon the significant work that has already been accomplished.”

Karman joined AmurEF in 2014, initially as president of eastern region sales and then chief commercial officer.

“I am honored to accept this new role with AmurEF and look forward to further strengthening our sustainable and scalable model for business growth,” Karman said. “Regarding Malia, I believe I speak for everyone at AmurEF, when I say it has been a pleasure to work with such a talented and exceptional person and we are delighted she will remain connected with all of us through her advisory position.”

Additionally, James Truran, Amur’s current vice president of strategic planning, will assume the role of chief operating officer at AmurEF. Truran began working with Amur and its subsidiaries in 2016 as a strategy and operational efficiency consultant. Prior to Amur, he worked in the Pentagon as the United Kingdom’s exchange officer to the Office of the Secretary of Defense.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.