The National Equipment Finance Association appointed Michael A. Toglia its executive director and CEO. He succeeds Gerry Egan, who will be retiring in October after eight years in the role. Toglia will take the helm of the organization upon the closing of the NEFA Funding Symposium October 3-5 in Charlotte, NC.

Toglia has over 30 years of experience in the equipment finance and commercial finance industries having held various leadership roles in credit underwriting, operations, business origination, sales management and capital markets for companies including Textron Financial Corporation, GE Capital and CIT Group. He is currently the founder and president of Equipment Finance Advisor.

Toglia has been an active member of NEFA and its predecessor associations for many years and is currently the editor-in-chief of NEFA Newsline Magazine.

“I am honored to have been chosen to lead NEFA and I look forward to expanding upon the strong foundation of this association created under the leadership of Gerry Egan and the many NEFA members who have dedicated their time toward the success of the association,” said Toglia. “NEFA members are unique professionals and I am excited to work closely with our volunteer leadership and members and expanding upon NEFA’s core values of Community, Education and Professionalism. I would also like to thank Gerry Egan for his friendship and the support he has provided me over the many years we have worked together.”

“After an extensive executive search and selection process, I am extremely confident Mike will do a great job of leading the NEFA to the next level for the entire membership,” said Mike Coon, CLFP, of North Star Leasing, NEFA president and chairman of the board. “His depth of experience in the equipment finance and commercial finance industry, experience building a successful publishing business, along with his demonstrated commitment to the success of the NEFA over the years and his vision for the NEFA’s future make him the best choice for this important leadership role.”