People’s Capital and Leasing promoted Jim Mengacci to senior vice president of the company’s industrial division.

Mengacci has more than 10 years of industry experience and will be responsible for relationship management and business growth, focusing on various industries, including material handling and construction equipment. Prior to the promotion, Mengacci served as vice president of sales for three years at People’s. Prior to joining the company, he served as an account executive at Siemens Financial Services, where was a territory sales manager and worked cross-functionally with internal business units. He also held various equipment finance relationship manager roles at GE.

“Jim brings an outstanding work ethic and team-oriented approach to our growing company,” Micky Urquhart, president and CEO of People’s Capital and Leasing, said. “His proven track record in driving stellar results combined with his relationship-based approach to partnering with vendors and clients has helped to grow the business and strengthen our presence nationally.”

People’s Capital and Leasing is a Connecticut-based equipment finance and leasing corporation.