Crit DeMent, who led LEAF Commercial Capital as CEO from its creation to earlier this year, will step away from his current position as chairman of the company to retire in 2024.

DeMent is a 40-year veteran of the equipment finance industry. He and Miles Herman, who was recently named LEAF’s CEO after serving as COO, developed LEAF from the beginnings of an idea between two friends into a nationally recognized independent equipment finance brand that was later acquired by M&T Bank. LEAF’s continuing success, outstanding reputation in the marketplace, and decades of service to equipment sellers, manufacturers, distributors and business end users stand as a remarkable legacy of DeMent’s distinguished career.

“It has been my incredible good fortune to lead such an amazing group of people as we’ve worked shoulder-to-shoulder to make LEAF what it is today and position it for all it will be in the years to come,” DeMent said. “And while the company will be in the good hands of Miles and the rest of LEAF’s team, I can’t imagine a world where I don’t check in frequently to share in the excitement of continuing to grow what we’ve built together.”

“To say Crit will be missed is an understatement, though I look forward to keeping him up to date on all the great things going on at the company as he shifts his focus to retirement, no doubt with the same drive, intelligence, and enthusiasm he brought with him every day as CEO at LEAF and

throughout the four decades of his career in the industry,” Herman said. “I am grateful to have called him a business partner and friend all these years, and I wish him all the best.”