Paul Vecker joined equipment finance company Macrolease as president and CEO. He succeeds Daniel West, who founded the company in 1969 and has served as its CEO since. West will be retiring at the end of June.

Vecker brings with him nearly 35 years of experience in the equipment finance industry, most recently as a senior executive at PNC Equipment Finance, the fourth largest bank-owned equipment finance company. While at PNC Equipment Finance, Vecker served in a variety of leadership roles, including chief growth officer and general manager of the company’s Vendor Finance Business.

Prior to joining PNC, Vecker was the president and CEO of The Navigator Group, a specialized equipment finance business which he founded. He also held senior executive positions at a number of other public and privately-owned equipment finance companies.

“We are pleased to have someone with Paul’s background and experience joining our company,” said Mark J. Meiklejohn, president and CEO of Bank Rhode Island, the parent company of Macrolease. “We are looking forward to Paul leading Macrolease through the next chapter of its storied history.”

Established in 1969, Macrolease is a full-service, equipment finance company specializing in servicing the fitness, franchise, nonprofit, and healthcare markets. In 2015, Macrolease became a subsidiary of Bank Rhode Island, itself a wholly owned subsidiary of Brookline Bancorp headquartered in Providence, Rhode Island.