ELFA Announces New Board of Directors Led by DLL’s Stephenson



During the 54th Annual Convention of the Equipment Leasing and Finance Association (ELFA), the association announced its new Board of Directors and officers. William Stephenson, CEO and chairman of the executive board of DLL, is the new chairman of the board and Anthony Cracchiolo, president and CEO of U.S. Bank Equipment Finance, is now chairman-elect.

The chairman-elect and new board members were recommended by ELFA’s nominating committee and approved by a vote of the general membership.

“We are very fortunate to have Bill Stephenson as Chairman of the Board of Directors for 2016,” said ELFA president and CEO William G. Sutton. “Bill’s proven leadership skills, his industry knowledge and his dedication to our association’s mission will have a positive impact on both the ELFA membership and the equipment finance industry at large in the coming year.”

Since 1987, Stephenson has served in a number of key senior positions within DLL and played an integral role in the emergence of the company as a global market leader within the vendor finance and equipment leasing industry. Most recently, he was DLL’s chief commercial officer and a member of the executive board.

In addition to his current position on the ELFA Board, Stephenson serves on ELFA’s executive and personnel committees.  He is a former member of ELFA’s Small Ticket Business Council Steering Committee, Audit Committee and Investment Committee and the Equipment Leasing & Finance Foundation’s Board of Trustees.

Along with Stephenson, the newly elected members of the ELFA board of directors include:

  • William Besgen, vice chairman, Board of Directors, Hitachi Capital America
  • Michael Campbell, CEO, International Decision Systems
  • Aylin Cankardes, president, Rockwell Financial Group
  • Lori Frasier, senior vice president of Strategy and Performance Management, Key Equipment Finance
  • David Gilmore, senior vice president, Region 4, Worldwide Financial Services Division, John Deere Financial
  • Brian Holland, president and CFO, Fleet Advantage
  • Gary LoMonaco, vice president and treasurer, Forsythe/McArthur Associates

The following individuals were elected by the membership to serve as ELFA vice chairs: David Schaefer, CEO, Mintaka Financial; Jud Snyder, president, BMO Harris Equipment Finance; and Martha Ahlers, vice president and COO, United Leasing. Robert Boyer, President, Susquehanna Commercial Finance, will serve as treasurer. Paul Stilp, ELFA’s vice president of Finance and Administration, will continue to serve as Secretary.

In addition, Ralph Petta will serve as the president and CEO, effective Jan. 1, 2016, following the retirement of Sutton.


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