Encina Equipment Finance Promotes Matte to President/COO, Davidson to EVP/CFO
NOV 12, 2020 - 7:47 am
Encina Equipment Finance promoted Rick Matte to president and chief operating officer and Tom Davidson to executive vice president and CFO.
As president and chief operating officer, Matte will have responsibility for all functions within Encina Equipment Finance and will continue to report to Willie Brasser, the company’s CEO. The role of chief operating officer is a newly created one for Encina Equipment Finance.
In his prior position of president and chief commercial officer, Matte expanded Encina Equipment Finance’s market presence and delivered volume and asset growth since the company’s inception in 2017. In addition, he played a role in building the team across the sales, risk, operations and finance functions.
Davidson will have responsibility for Encina Equipment Finance’s finances, including capital markets funding strategies. He will report to Matte. Since joining Encina Equipment Finance in 2019 as executive vice president, Davidson has led the development of Encina Equipment Finance’s financing programs, which were recently increased to an aggregate amount of $755 million.
“I’m very pleased to announce these two promotions,” Brasser said. “Over the past three years, Rick has done an incredible job of building a talented commercial team and consistently growing EEF’s originations. Tom has added tremendous value expanding and improving EEF’s financing vehicles, and he will have an even greater impact as EEF’s CFO. I look forward to working with Rick and Tom as we continue to build EEF into the preeminent independent large-ticket equipment finance platform.”
The traditional equipment finance and leasing business model is changing. It has experienced increased pressure from customers to move to more of a utility/consumption, pay-for-use or anything-as-a-service model. These customer demands have had an impact on many market segments but... read more
As you read this, the churn is happening. Baby boomers like myself, aged 57 to 75, are retiring and Generation X and millennials are stepping up into leadership positions. By 2028, Gen Xers will outnumber baby boomers, and by 2025,... read more