XCMG America Financial promoted Joe Bellanca to vice president of risk and program management. In this new role, Bellanca will be responsible for spearheading XCMG America Financial’s risk management strategies and overseeing financing program development and execution.

XCMG America Financial hired Bellanca last year as director of capital. He has more than 25 years of equipment finance industry experience, including previous roles at Komatsu Financial, Key Equipment Finance, Wells Fargo Commercial Distribution Finance and Skyjack Financial Services.

“As the director of captive, [Joe has] consistently demonstrated exceptional skills, initiative and a deep understanding of risk management and program development. [Joe’s] contributions to the company have been invaluable in shaping our organization’s risk strategy and have significantly contributed to the healthy growth and stability of the company’s business and financing portfolio,” Gengzong Qiu, CEO and president of XCMG America Financial, said. “We have full confidence in [Joe’s] capabilities to excel in this new position and lead [his] team to even greater achievements. [Joe’s] leadership will be instrumental in furthering our commitment to providing XCMG dealers and customers with exceptional financing and leasing services.”