North Mill Equipment Finance Names New CEO, Promotes Seven



North Mill Equipment Finance, a private lender based in Norwalk, CT, promoted seven to executive and management positions.

David Lee was named chairman and CEO of the company. Lee is also CEO of Colford Capital, North Mill’s parent company. Lee has more than 30 years of financial services experience. Previously, he served as president of D.B. Zwirn & Co., a $6.5 billion AUM alternative asset manager and was the founding managing partner of Saturn Venture Partners and a partner with the private equity firm of Sandler Capital.

Josh Rothman was promoted to executive vice president and chief operating officer. In his new capacity, Rothman will be responsible for directing North Mill’s daily operations, including marketing, credit and technology infrastructure. Rothman joined North Mill’s predecessor company, Equilease, in 2003 as an analyst and has been involved in all aspects of the company’s management and operations, including marketing program development, credit policy and procedures, asset management, capital markets, financial reporting, portfolio management, documentation, restructuring, insurance, titling and portfolio acquisition.

Mark Bonanno was promoted to executive vice president and chief financial officer. Prior to joining North Mill in the summer of 2016 as the company’s CFO, he was CFO at Advantage Funding and previously spent 16 years at GE in various financial management roles, including finance manager of the Corporate Initiatives Group, CFO of Xerox Capital Services and Operational Controller of GE Energy Financial Services.

Dana Bowman was promoted to vice president of Portfolio Accounting. Reporting to the company’s CFO, Bowman is responsible for managing a team that handles the process of booking and accounting for new lease and loan transactions, monitoring the status of all portfolio accounts and processing their monthly payments. She joined North Mill’s predecessor company, Equilease, in 1997 as a staff accountant and has been involved in all aspects of the company’s portfolio accounting.

Patricia Matthews was promoted to assistant vice president, Portfolio Management, responsible for leading a team of portfolio managers. She joined North Mill’s predecessor company, Equilease, in 2004 in the remarketing department as the administrative coordinator and a remarketer. She then worked in marketing for several years, becoming one of the top salespeople in the company, and subsequently worked in the company’s legal collections and enforcement division. Patty’s previous experience in the leasing industry was with Neptune Computer Group and HBSC.

Anthony Pontonio was promoted to assistant vice president of Sales, Marketing and Customer Relationship Management responsible for managing North Mill’s business referral flow programs, the account management team and the customer service group. He is also responsible for developing, maintaining and marketing relationships with the company’s third-party referral sources. Prior to joining North Mill in 2015, Anthony held various positions in the equipment finance industry with GE Capital, IBM Global Financing and Pitney Bowes.

Aroub Bayazid was promoted to manager of Restructuring – Portfolio Management, responsible for assisting and resolving customer issues related to their equipment finance contracts. She joined North Mill’s predecessor company, Equilease, in 2007, as a credit analyst and assistant portfolio manager. She also spent two years as a Credit Analyst at Citicapital.


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