Century Tokyo Leasing will purchase the remaining shares of CSI Leasing, making it a wholly-owned subsidiary. In conjunction with this announcement, CSI made several changes to its organizational structure, including many executive promotions.

Ken Steinback, CSI’s founder and former owner, retired from the board of directors and has assumed the role of chairman emeritus. Bill Gillula, previously vice chairman and chief executive officer, will assume the role of chairman and continue to be active in CSI business on a daily basis.

Steve Hamilton, previously president and chief operating officer, will assume the role of vice chairman and chief executive officer and will oversee CSI’s domestic and international operations.

The following executive changes were also announced:

• Arnaldo Rodriguez, president
• Fred O’Neal, chief operating officer
• Paul Keefe, executive vice president, chief financial officer and treasurer
• Chas McDaniels, executive vice president and chief pricing officer
• Tom Brown, chief compliance officer
• Carlos Milian, executive vice president of International Funding and Syndications
• Barry Naylor, international controller

“I am excited about our entry into this new phase of CSI’s growth. With the talent and leadership skills of these individuals, along with the support of CTL’s strong global network, I am confident that CSI will have continued growth as a world-class leasing company,” said Steve Hamilton, vice chairman and chief executive officer.

CSI also announced several promotions:

• Matt Kersting, vice president and deputy chief credit officer
• Alicia Andriyuk, vice president, Sales
• Bill Elmore, vice president, Applications Development
• Pete Kindig, vice president, Management Information Systems
• Rachel Fick, assistant vice president, marketing development
• Jonathan Sachs, assistant vice president