The Equipment Leasing & Finance Foundation elected the 2025 officers of its board of trustees. Board Officers serving are Zack Marsh, CLFP, senior vice president, accounting and analysis, AP Equipment Financing as chair; Miles Herman, CEO, LEAF Commercial Capital as vice chair; Peter Bullen, executive vice president and group head, Key Equipment Finance as secretary and treasurer; and Leigh Lytle, president and CEO, Equipment Leasing and Finance Association (ELFA) as president. Nancy Pistorio, CLFP, president, Madison Capital is immediate past chair. The officer elections were held during the board’s annual meeting.

New members appointed to the foundation board of trustees include Eric McGriff, chief risk officer, 36th Street Capital and Shari Williams, chief risk officer, SLR Equipment Finance.

“We are privileged to have the leadership experience, professional expertise and commitment of our trustees to guide the foundation in 2025,” Marsh said. “We’re grateful for their dedication to the foundation’s mission to advance the equipment finance industry and the success of everyone in it.”

Trustees continuing on the board for 2025 are:

• Andrew Blacklock, vice president, strategy and business operations, Cisco Systems Capital
• Jim DeFrank, executive vice president and chief operating officer, Isuzu Finance of America
• Jeffrey Dicosola, sales manager, Great American Insurance Group
• Cindy Fleck, CLFP, senior vice president and general manager equipment finance, Channel
• Martin Klotzman, CLFP, director of marketing and operations, Ivory Consulting
• Shari Lipski, CLFP, principal, ECS Financial Services
• Mark Loken, vice president, CoBank Farm Credit Leasing
• David Normandin, CLFP, president and CEO, Wintrust Specialty Finance
• Brittany Ogden, attorney, partner, Quarles & Brady
• Ricardo E. Rios, CLFP, president and chief operating officer, Commercial Equipment Finance
• William Tefft, equipment manager, corporate asset finance, EverBank Corporate Asset Finance
• Donna Yanuzzi, executive vice president, 1st Equipment Finance
• Kelli Nienaber will continue to serve as executive director.

Research committee chair Valerie Gerard honored board trustee Will Tefft with the Steven R. LeBarron Award for Principled Research. He has been a member of the foundation research committee (FRC) and a foundation trustee since 2020. In that time, he has been the lead in developing the foundation’s Vertical Market Outlook Series of reports and the associated podcast series. He has been instrumental in the development of podcast episodes covering trucking, IT equipment, additive manufacturing and corporate aircraft, among other topics.