The Equipment Leasing and Finance Association has named Crestmark Equipment Finance President Thomas R. Rutherford to its board of directors for 2020.

An active member of ELFA, this is Rutherford’s first time serving on the board of directors, where he will serve one three-year term on a staggered basis.

ELFA’s board of directors develops and sets policy, provides for resources, adopts the strategic plan and budget, and monitors overall operations for the association. The board also appoints an executive committee, nominating committee, investment committee and audit committee

“This is appointment is a well-deserved recognition of Tom’s contributions in the equipment financing industry,” said Mick Goik, Crestmark president. “He has an outstanding industry reputation, and we’re fortunate to have a division president with Tom’s experience and leadership.”

Rutherford joined Crestmark in 2014 through the acquisition of TIP Capital, an equipment leasing and finance company which he co-founded in 1999. He has more than 30 years of experience in sales, marketing and operations, with more than 25 years of experience in technology financing. Prior to TIP Capital, Rutherford was the director of syndications for AT&T Capital Systems Leasing, where he was responsible for the placement, syndication and management of a diverse portfolio of equipment financing transactions. Rutherford also has held Series 7 and a Series 63 Securities licenses.