Key EF Expands Leadership Roles for Arnone, Lempko & Phillips



Key Equipment Finance appointed Shawn Arnone, Dave Lempko and Don Phillips to expanded leadership roles within the company.

Arnone assumed the role of senior vice president of Commercial Vendor programs, increasing his scope of responsibility from major technology accounts to overseeing all of Key Equipment Finance’s vendor offerings across technology, industrial and healthcare. He will report to Amy Gross, executive vice president of Key Equipment Finance, Government and Vendor.

Lempko, now reporting to Arnone, will oversee both emerging technology and major technology divisions. This will enable the company to better meet the needs of emerging technology clients as they grow.

Phillips was promoted to senior vice president of Key Municipal Finance. In this role, he will oversee both direct and vendor offerings for the municipal sector and also report to Gross. This new alignment will bring the company’s municipal businesses together under one umbrella and enhance its support for both state and local government entities and vendor partners.

“We are continually looking for ways to better meet the needs of our clients as they evolve and grow in today’s dynamic business environment,” said Gross. “Shawn, Don and Dave are all exceptional leaders with deep industry expertise, and I am excited to work with them all in their expanded roles.”

Phillips joined Key Municipal Finance as a senior vice president in 2012. Arnone joined Key Equipment Finance as vice president of sales, technology finance in 2015. And Lempko first joined the company’s bank channel team in 2007, returning in 2017 as senior vice president.

Key Equipment Finance has been in the equipment finance business for 45 years and is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities.

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