Lease Corporation of America Makes Leadership Changes

Lease Corporation of America (LCA) and its Utah-based industrial bank subsidiary, LCA Bank (LCAB), made multiple executive and staff changes.

John B. Kemp, chairman and CEO of LCA will assume the CEO role of LCAB, replacing Jeffery Sugg, who is departing to assume a new role outside the industry.

“While I am sad to see Jeff Sugg leave, it is for all the right reasons — a great opportunity that he simply could not pass up,” Kemp said. “His imprint on LCA has been significant, especially over the tumultuous last 12 months. Although he will be missed, LCA and LCA Bank have developed a strong bench that will allow the companies to continue along the growth path that has been set.”

Jillian Vogel, executive vice president of operations, was promoted to president of LCA, assuming Sugg’s position at the parent company. Vogel also became chief operating officer of LCAB, where she will report to Kemp.

Travis Soto, CFO of LCAB, also will become CFO of LCA. In this new capacity, he will report to Vogel.

Dan Worsley, vice president of sales, assumed a new role as vice president of sales administration. He will concentrate his energies on improving the quality and utility of the company’s CRM platform.

As a result of Worsley’s new assignment, his sales team will report to Gary Hanson, vice president of sales. Hanson will assume day-to-day relationship responsibility for any national accounts previously managed by Worsley.

Mark Sheehan, vice president of national account business development, will assume responsibility for all existing and new syndication relationships on both a buy and sell-side basis.

Anthony Lafata, manager of national accounts and working capital, will report to Sheehan.

Worsley, Hanson and Sheehan will continue to report to Jeff Teucke, executive vice president of sales and marketing

LCA is a financing company specializing in technology and industrial equipment financing. LCAB is a wholly-owned subsidiary of LCA and a federally insured institution.

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