Mitsubishi HC Capital America, a non-bank, non-captive finance provider in North America, is strengthening its construction division with the addition of James Elwood as senior vice president, strategic development. He will be responsible for establishing strategic finance programs for manufacturers and distributors of construction equipment across the United States.

“With more than 30 years’ experience, James is an industry veteran with a proven track record of developing and growing vendor programs that deliver value to OEM partners and dealers,” Chris Johnson, senior vice president and general manager of construction equipment for Mitsubishi HC Capital America, said. “His skillset, experience and leadership will be leveraged to accelerate our robust business development initiatives and further position us to better serve partners, customers and clients as we work to outpace our competition.”

“I am thrilled to be joining an established team with a long legacy of partnering alongside some of the largest construction OEMs and dealers in North America,” Elwood said. “Mitsubishi HC Capital America is investing in the right technology and people, as well as industry leading sustainability and digital transformation initiatives that are making the company an unstoppable leader in the commercial finance space.”

Previously, Elwood held senior and leadership positions within BMO, Bank of the West and Trinity Capital, where he managed equipment and logistic solutions in the construction, agriculture and industrial market segments, and created customized retail and wholesale finance solutions for global manufacturers.

Elwood holds a BS in agricultural economics from the University of California at Davis.