Lease Corporation of America (LCA) announced several executive staff promotions, and one significant retirement, at its corporate offices in Troy, MI, as well as at its subsidiary, LCA Bank (LCAB), which is located in Park City, UT.

Jeff Sugg was appointed president of Lease Corporation of America and will continue to serve as CFO, a role he has held for a little more than a year. Sugg will take the reins from John Kemp as president, however Kemp will remain on as chairman and CEO of LCA.

Laura Olsen was promoted to president of LCAB and will stay on as CFO. Olsen has been acting vice president and CFO of LCAB since the bank was formed in 2005.

Christina Campos was promoted to chief credit officer at LCA and LCAB. As vice president, LCA Credit, Campos has managed and led the credit department, performing credit analysis for complex transactions and assisting in continuous maintenance and improvements to the credit guidelines.

Tim Talbert, the previous senior vice president and chief credit officer of LCA, along with president of LCAB, announced his intention to retire by November 30, 2018. During his tenure, Talbert has implemented a number of changes in LCA’s credit policy and procedures to more accurately reflect the risks inherent in its core business. Under his guidance, LCA developed an extensive database that allows it to monitor the consistency of the credit decisioning process and react quickly to changes in the economic environment. Talbert was also instrumental in the reorganization of the documentation processing procedures, which have increased that area’s effectiveness and efficiency.

“This collection of executives support LCA and LCAB with second-to-none service and professionalism,” John Kemp, LCA chairman and CEO, said. “The contributions of everyone mentioned are very much appreciated and we look forward to their continued development in the future success of the company.”