DLL appointed Rod Versteegh as president of the Food & Agriculture Global Business Unit and Neal Garnett as president of the Construction, Transportation & Industrial Global Business Unit. Both appointments are effective January 1, 2017.

“Rod and Neal have both played a significant role in the growth of our commercial organization over the last 15 plus years,” said Tom Meredith, DLL’s recently appointed chief commercial officer. “Not only do they have the knowledge and experience required to lead their respective business units, but they also understand the DLL culture and our unyielding commitment to our partners and customers.”

Versteegh will assume his new role after nearly 16 years with the company. He most recently served as president of DLL’s Construction, Transportation & Industrial Global Business Unit. Versteegh is a financing industry veteran with more than 25 years of experience specializing in collections, risk management, operations, sales and general management.

Garnett, who will replace Versteegh, joined DLL in 1998 and has held several commercial leadership roles in the business unit, including assignments in the U.S. and Europe. He most recently served as senior vice president and general manager of the CT&I business unit’s operations in Europe and Asia.

“As we continue to sharpen the focus on our core vendor finance business and target further growth and product innovation, I cannot think of two better leaders to guide these strategically important business lines for DLL,” Meredith said. “I know that each will bring the necessary vision, commitment and leadership to take our business to new heights in the years ahead.”