At its annual conference, the National Association of Equipment Leasing Brokers installed incoming NAELB board president Patrick Sponsel, vice president Joan Modes and new member Michael Parker.

During the NAELB’s annual business meeting, outgoing president Charles (Bud) Callahan, Jr. passed the gavel to Sponsel, and the group recognized past president Sonia v.M.Stoddard, as she completed her service on the board.