Peterson Named President, CEO of TCF Equipment Finance

TCF Financial appointed Gary Peterson president and chief executive officer of TCF Equipment Finance, a division of TCF National Bank.

Peterson will oversee all business functions at TCFEF and will report to William S. Henak, executive vice president of wholesale banking for TCF Financial. Peterson’s appointment follows the recent leadership changes announced by TCF Financial CEO Craig R. Dahl in November 2015 that included Henak’s promotion to lead wholesale banking. Henak previously served as president and CEO of TCFEF.

“Gary has demonstrated strong leadership skills for many years at TCFEF,” said Henak. “I am confident that he and the experienced management team at TCFEF will continue to build on the strong performance they have delivered consistently in the past.”

Peterson joined TCFEF in April 2004 and most recently held the position of executive vice president and chief operating officer. He has more than 37 years of experience in the equipment finance and leasing industry including sales and management roles with CIT Group and GE Capital.

In addition to Peterson’s promotion, TCFEF also announced several additional leadership changes.

Kyin Lok was promoted to the position of senior vice president, chief corporate development officer of capital markets and strategic business development officer. Lok succeeds Richard Chenitz, who was recently promoted to lead TCF’s retail lending portfolio. For the past two years, Lok has been TCFEF’s senior vice president of strategic business development. Lok has more than 20 years of financial services experience with GE Capital and U.S. Bank Equipment Finance.

Jeff Wertz was promoted to senior vice president, chief sales and marketing officer. Previously, Wertz served as TCFEF’s senior vice president and national sales manager. He has 22 years of finance industry experience, including 14 years with TCFEF. Prior to joining TCFEF, Wertz held several roles with GE Capital.

Tom Greco was promoted to senior vice president, national sales manager for construction, transportation, environmental services and manufacturing for TCFEF. Greco has been with TCFEF for more than seven years and most recently served as senior vice president for construction and environmental services. He has more than 30 years of finance industry experience in credit and sales management.

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