The ELFA Nominating Committee has named the following individuals to stand for election by the ELFA membership. If elected, all nominees will begin their term of service at the conclusion of ELFA 2020 Business Live! in October. Each ELFA member company may cast one vote for each nominee. On Aug. 17, voting materials and instructions will be emailed to each member company’s key contact, who may then vote via confidential electronic ballot on the ELFA website. The voting will conclude Oct. 7 at 5 p.m. ET.
Mike DiCecco
Chair-Elect
Michael DiCecco is Executive Managing Director of Huntington Bank’s asset finance business, which includes asset-based lending, equipment finance, public capital, lender finance and technology finance. Mike, along with a group of colleagues, established Huntington’s equipment finance capabilities in 2001 after starting his career at Star Bank (aka US Bank) in 1988. Active in the industry and community, he has served on the ELFA Membership Committee and Financial Institutions Business Council. From 2014-2017 he served on the ELFA Board of Directors and Executive Committee. He rejoined the ELFA Board of Directors in 2018 as Vice Chair. Mike is also on the Board of the Boys and Girls Club in Cleveland and an active fundraiser for cancer research. He holds a BS with a concentration in Business.
Robert Boyer
Vice Chair
Robert L. Boyer is the President of BB&T Commercial Equipment Capital Corp., a wholly owned subsidiary of Branch Banking and Trust Company (BB&T), now Truist. Since joining the company in 1998, Rob has held positions of increasing responsibility including Sales Executive, Syndications Manager, Senior Vice President of Acquisitions and Syndications, and Executive Vice President. Rob currently serves as Treasurer of ELFA’s Board of Directors and is a member of its Executive Committee. Previously, he chaired the ELFA Membership Committee and Small Ticket Business Council Steering Committee. He has also served as a Director for the Certified Leasing & Finance Professional Foundation (CLFP). Rob has been working in the equipment finance industry since 1995. He holds a bachelor’s degree in English from LaSalle University and attended the ABA Stonier Graduate School of Banking.
Mark Duncan
Director
Mark Duncan is Executive Vice President and General Manager of Commercial Finance at Hitachi Capital America (HCA), with responsibility for the Vendor Services, Structured Finance, Supply Chain Solutions and Business Finance divisions. Mark also heads up Corporate Development at HCA, responsible for driving business planning, acquisitions and strategic marketing across the business. Prior to HCA, Mark worked 19 years at GE Capital, most recently as Managing Director of Corporate Development, responsible for growing GE’s commercial finance business via acquisitions, joint ventures and other strategic transactions. He began his GE career as an Investment Analyst in Corporate Finance. Mark received his MBA from Northeastern University, BA from Michigan State University and holds the Chartered Financial Analyst (CFA) designation. He is an active ELFA member and has served two terms on the Independent Middle Market Business Council Steering Committee.
David Farrell
Director
Dave Farrell is a Managing Director at Bank of America Global Leasing, where he leads their syndication activities in the Americas in addition to their Portfolio Trading and Acquisition team. Dave has worked in the leasing and asset finance industry since 1986 performing various roles including credit underwriting, sales, syndications and management. Dave holds a B.S. in finance from the University of Oregon. He also studied economics and art history at the University of London through an exchange program. He previously held NASD Series 7 & 63 licenses. Dave served on ELFA’s Bank BCSC from 2004-2007 and served as its Chair in 2007. He has also served on the Financial Institutions BCSC from 2013-2020, serving as Chair in 2019-2020. He has been a speaker at several industry conferences as well as a guest lecturer at the Johns Hopkins University Carey School of Business and Morehouse College. Dave lives in Seattle. He enjoys spending time with family and friends, volunteering and serving on not-for-profit boards, traveling, playing the guitar and participating in various athletic pursuits.
Amy Gross
Director
Amy Gross is Executive Vice President of Government and Vendor Finance for Key Equipment Finance, where she is responsible for new business originations and business development activities. This includes alignment of the company’s government and commercial vendor capabilities. Prior to joining Key in 2009, Amy worked for GE Capital in a variety of sales and operations leadership positions. She is currently a member of the ELFA Financial Institutions Business Council Steering Committee and was recently honored by the Monitor as one of the top 50 women in equipment finance. Amy served as Co-Chair of KeyBank’s Diversity & Inclusion Council. She is currently a member of KeyBank’s Women’s Network and has actively participated in KeyBank’s mentor program. She holds a BA degree in accounting and finance from Wartburg College in Iowa.
RJ Grimshaw
Director
RJ Grimshaw is the President and CEO for UniFI Equipment Finance, Inc, a wholly owned subsidiary of Bank of Ann Arbor Inc. RJ joined the Bank in August 2013 as an Executive Vice President and Chief Sales Officer. He has over 20 years of experience in the equipment finance/ banking industry in the areas of commercial banking, investment banking and business banking. Prior to joining Bank of Ann Arbor, RJ served as the Vice President for EverBank Commercial Finance, Inc. where he was responsible for the growth within the Technology Division. RJ has previously served on ELFA’s Captive and Vendor Finance Business Council Steering Committee and participated in the past two Industry Future Councils sponsored by the Equipment Leasing & Finance Foundation. RJ is an avid hockey coach and involved with USA hockey.
Ricardo Rios
Director
Ricardo Ríos Bolívar is the Founder, CEO and President of Commercial Equipment Finance, Inc. (CEFI). CEFI is an independent equipment finance and leasing company founded in 2010 and based in San Juan, Puerto Rico. Ricardo has been active in the equipment finance industry, both in the continental United States and Puerto Rico, for over 38 years. He started his career in 1982 in the transportation division of The Associates and rotated through various management positions, gaining experience in all areas of the business. In 1996 Ricardo started commercial operations in Puerto Rico for The Associates and served as its President, leading the growth, eventual sale and transition of The Associates into CitiCapital in 2000. After a successful reverse integration to CitiCapital, he led the sale in 2008 of the CitiCapital operations to GE Capital.
Barry Ripes
Director
Barry Ripes is VP, Financial Institutions Leader at PayNet, an Equifax Co., leading the commercial financial institutions business. He has been at PayNet for 14 years and has managed the Sales, Pre-Sale Support and Solutions Delivery teams. Prior to joining PayNet, Barry spent 19 years in the financial services industry. He was President and Founder of Struan Partners, LLC, a futures broker group in US Treasuries at the Chicago Board of Trade (CBOT). He served on ELFA’s Service Providers Business Council Steering Committee for four years and led a PayNet Company LeasePAC campaign from 2013–2019. At the CBOT, Barry was Chairman of the Treasury Bond Pit Committee. He attended the University of Iowa and completed the Northwestern University Kellogg School of Management Advanced Management Program. He is involved in a variety of philanthropies.
Dave Verkinderen
Director
Dave Verkinderen is a Senior Vice President at US Bank and is responsible for US Bank’s Office Equipment Finance and Manufacturing Finance businesses. He also serves as the Market Leader for US Bank’s Marshall Operations Center. He began his career in May 1990 with Lyon Financial. Lyon Financial was later acquired by US Bank. Dave has been active in ELFA, serving as a member and Chair of the Small Ticket Business Council Steering Committee. He is a CLFP, passing the exam in 2018. He holds a Bachelor of Arts degree from Southwest Minnesota State University. He has also completed the Executive Development Program at Babson College and the University of Minnesota Carlson School Business Leadership Excellence Program. Dave is an avid volunteer for many foundations and on non-profit boards.
Mike DiCecco
Chair-Elect
Michael DiCecco is Executive Managing Director of Huntington Bank’s asset finance business, which includes asset-based lending, equipment finance, public capital, lender finance and technology finance. Mike, along with a group of colleagues, established Huntington’s equipment finance capabilities in 2001 after starting his career at Star Bank (aka US Bank) in 1988. Active in the industry and community, he has served on the ELFA Membership Committee and Financial Institutions Business Council. From 2014-2017 he served on the ELFA Board of Directors and Executive Committee. He rejoined the ELFA Board of Directors in 2018 as Vice Chair. Mike is also on the Board of the Boys and Girls Club in Cleveland and an active fundraiser for cancer research. He holds a BS with a concentration in Business.
Robert BoyerVice Chair
Robert L. Boyer is the President of BB&T Commercial Equipment Capital Corp., a wholly owned subsidiary of Branch Banking and Trust Company (BB&T), now Truist. Since joining the company in 1998, Rob has held positions of increasing responsibility including Sales Executive, Syndications Manager, Senior Vice President of Acquisitions and Syndications, and Executive Vice President. Rob currently serves as Treasurer of ELFA’s Board of Directors and is a member of its Executive Committee. Previously, he chaired the ELFA Membership Committee and Small Ticket Business Council Steering Committee. He has also served as a Director for the Certified Leasing & Finance Professional Foundation (CLFP). Rob has been working in the equipment finance industry since 1995. He holds a bachelor’s degree in English from LaSalle University and attended the ABA Stonier Graduate School of Banking.
Mark DuncanDirector
Mark Duncan is Executive Vice President and General Manager of Commercial Finance at Hitachi Capital America (HCA), with responsibility for the Vendor Services, Structured Finance, Supply Chain Solutions and Business Finance divisions. Mark also heads up Corporate Development at HCA, responsible for driving business planning, acquisitions and strategic marketing across the business. Prior to HCA, Mark worked 19 years at GE Capital, most recently as Managing Director of Corporate Development, responsible for growing GE’s commercial finance business via acquisitions, joint ventures and other strategic transactions. He began his GE career as an Investment Analyst in Corporate Finance. Mark received his MBA from Northeastern University, BA from Michigan State University and holds the Chartered Financial Analyst (CFA) designation. He is an active ELFA member and has served two terms on the Independent Middle Market Business Council Steering Committee.
David FarrellDirector
Dave Farrell is a Managing Director at Bank of America Global Leasing, where he leads their syndication activities in the Americas in addition to their Portfolio Trading and Acquisition team. Dave has worked in the leasing and asset finance industry since 1986 performing various roles including credit underwriting, sales, syndications and management. Dave holds a B.S. in finance from the University of Oregon. He also studied economics and art history at the University of London through an exchange program. He previously held NASD Series 7 & 63 licenses. Dave served on ELFA’s Bank BCSC from 2004-2007 and served as its Chair in 2007. He has also served on the Financial Institutions BCSC from 2013-2020, serving as Chair in 2019-2020. He has been a speaker at several industry conferences as well as a guest lecturer at the Johns Hopkins University Carey School of Business and Morehouse College. Dave lives in Seattle. He enjoys spending time with family and friends, volunteering and serving on not-for-profit boards, traveling, playing the guitar and participating in various athletic pursuits.
Amy GrossDirector
Amy Gross is Executive Vice President of Government and Vendor Finance for Key Equipment Finance, where she is responsible for new business originations and business development activities. This includes alignment of the company’s government and commercial vendor capabilities. Prior to joining Key in 2009, Amy worked for GE Capital in a variety of sales and operations leadership positions. She is currently a member of the ELFA Financial Institutions Business Council Steering Committee and was recently honored by the Monitor as one of the top 50 women in equipment finance. Amy served as Co-Chair of KeyBank’s Diversity & Inclusion Council. She is currently a member of KeyBank’s Women’s Network and has actively participated in KeyBank’s mentor program. She holds a BA degree in accounting and finance from Wartburg College in Iowa.
RJ GrimshawDirector
RJ Grimshaw is the President and CEO for UniFI Equipment Finance, Inc, a wholly owned subsidiary of Bank of Ann Arbor Inc. RJ joined the Bank in August 2013 as an Executive Vice President and Chief Sales Officer. He has over 20 years of experience in the equipment finance/ banking industry in the areas of commercial banking, investment banking and business banking. Prior to joining Bank of Ann Arbor, RJ served as the Vice President for EverBank Commercial Finance, Inc. where he was responsible for the growth within the Technology Division. RJ has previously served on ELFA’s Captive and Vendor Finance Business Council Steering Committee and participated in the past two Industry Future Councils sponsored by the Equipment Leasing & Finance Foundation. RJ is an avid hockey coach and involved with USA hockey.
Ricardo RiosDirector
Ricardo Ríos Bolívar is the Founder, CEO and President of Commercial Equipment Finance, Inc. (CEFI). CEFI is an independent equipment finance and leasing company founded in 2010 and based in San Juan, Puerto Rico. Ricardo has been active in the equipment finance industry, both in the continental United States and Puerto Rico, for over 38 years. He started his career in 1982 in the transportation division of The Associates and rotated through various management positions, gaining experience in all areas of the business. In 1996 Ricardo started commercial operations in Puerto Rico for The Associates and served as its President, leading the growth, eventual sale and transition of The Associates into CitiCapital in 2000. After a successful reverse integration to CitiCapital, he led the sale in 2008 of the CitiCapital operations to GE Capital.
Barry RipesDirector
Barry Ripes is VP, Financial Institutions Leader at PayNet, an Equifax Co., leading the commercial financial institutions business. He has been at PayNet for 14 years and has managed the Sales, Pre-Sale Support and Solutions Delivery teams. Prior to joining PayNet, Barry spent 19 years in the financial services industry. He was President and Founder of Struan Partners, LLC, a futures broker group in US Treasuries at the Chicago Board of Trade (CBOT). He served on ELFA’s Service Providers Business Council Steering Committee for four years and led a PayNet Company LeasePAC campaign from 2013–2019. At the CBOT, Barry was Chairman of the Treasury Bond Pit Committee. He attended the University of Iowa and completed the Northwestern University Kellogg School of Management Advanced Management Program. He is involved in a variety of philanthropies.
Dave VerkinderenDirector
Dave Verkinderen is a Senior Vice President at US Bank and is responsible for US Bank’s Office Equipment Finance and Manufacturing Finance businesses. He also serves as the Market Leader for US Bank’s Marshall Operations Center. He began his career in May 1990 with Lyon Financial. Lyon Financial was later acquired by US Bank. Dave has been active in ELFA, serving as a member and Chair of the Small Ticket Business Council Steering Committee. He is a CLFP, passing the exam in 2018. He holds a Bachelor of Arts degree from Southwest Minnesota State University. He has also completed the Executive Development Program at Babson College and the University of Minnesota Carlson School Business Leadership Excellence Program. Dave is an avid volunteer for many foundations and on non-profit boards.
2021 Officers
Kris Snow, Chair
Martha Ahlers, Immediate Past Chair
Michael DiCecco, Chair-Elect
Bob Neagle, Vice Chair
Rob Boyer, Vice Chair
Dan Krajewski, Treasurer
Ralph Petta, President and CEO
Paul Stilp, Secretary
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ELFA Leadership 2020
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2020