Navitas Credit has promoted Mike Bruman to the newly created position of senior vice president and chief operating officer. In his new role, Bruman will oversee the daily operations of the company, including credit, operations, sales and marketing.

Bruman previously served as chief credit officer of Navitas and has been with the company for more 10 years. Bruman has more than 30 years of industry experience, including experience managing the credit and operations functions at CIT, AT&T and Copelco.

“I am so pleased that Mike is taking on this new challenge,” Gary Shivers, president and CEO of Navitas said. “He has demonstrated the leadership skills that will help Navitas continue to be a leader in the equipment financing marketplace. With the rapid growth we’ve seen over the last 14 years, it will be enormously helpful to have Mike focus on the operations of the company to ensure we continue to satisfy the needs of our employees and customers.”

“I am excited about this opportunity. This new operations leadership role will help Navitas continue to evolve our services and products to meet the ever-changing needs of our customers. Our success would not have been possible without the incredible dedication of our employees, and I look forward to creating a workplace environment that makes Navitas the preferred employer in our industry,” Bruman said.