People’s Capital Adds Three Former Siemens Financial Services Execs

People’s Capital and Leasing, a subsidiary of People’s United Bank, appointed three equipment leasing and finance veterans to its sales team, each bringing a specialized industry focus to better serve the evolving needs of clients. The trio was previously at Siemens Financial Services, where they focused on material handling, machine tool and construction.

Michael Mehosky was hired as senior vice president and brings more than 20 years of experience. He will be responsible for group oversight and relationship management covering the construction, material handling and machine tool markets. Most recently he was a vice president at Siemens Financial Services, holding various roles including vendor industrial sales manager and capital markets manager, responsible for an annual origination budget of $250 million and ongoing sales/business development efforts. Prior to that he was a senior vice president at GE Capital Americas and a vice president at M&T Bank and GE Capital. Mehosky will be based in Hedgesville, WV.

James Mengacci will serve as vice president, bringing more than 10 years of experience and will be responsible for relationship management and business growth, focusing on material handling and construction equipment. Most recently he served as an account executive at Siemens Financial Services, where he was a territory sales manager working cross-functionally with internal business units. Previously, he held various equipment finance relationship manager roles at GE and Northwestern Mutual. Mengacci will be based in Waterbury, CT.

John Fitzgerald was added as a vice president. He will bring more than 25 years of experience to the role and focus exclusively on machine tool and plastics vendor relationships. He will be responsible for relationship management and business development efforts nationwide. Most recently, Fitzgerald was an account executive at Siemens Financial Services where he was responsible for the development of the company’s Wholesale Program, focusing on manufacturing OEMs. Before that Fitzgerald held various business development and relationship management roles at Francis Harvey & Sons, DLL and National City Commercial Capital. He will be based in Worcester, MA.

“Michael, James and John bring a wealth of highly specialized expertise to the team at a time when the industry increasingly demands tailored solutions to address sometimes complicated business needs,” said Micky Urquhart, president and CEO of People’s Capital and Leasing. “Their proven track record in driving stellar business results, specialized expertise and strong vendor relationships will be a welcome addition to our team as we continue to see strong demand, and grow our presence footprint-wide.”

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