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Key Equipment Finance Expands Leadership Roles for Shawn Arnone, Dave Lempko and Don Phillips

Posted 06/04/2019

SUPERIOR, CO. – June 3, 2019 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), today announced that Shawn Arnone, Dave Lempko and Don Phillips have all assumed expanded leadership roles within the company.

Arnone has assumed the role of senior vice president of Commercial Vendor programs, increasing his scope of responsibility from major technology accounts to overseeing all of Key Equipment Finance’s vendor offerings across technology, industrial and healthcare. He will report to Amy Gross, executive vice president of Key Equipment Finance, Government and Vendor.

Lempko, now reporting to Arnone, will oversee both emerging technology and major technology divisions. This will enable the company to better meet the needs of emerging technology clients as they grow.

Phillips has been promoted to senior vice president of Key Municipal Finance. In this role he will oversee both direct and vendor offerings for the municipal sector, also reporting to Gross. This new alignment will bring the company’s municipal businesses together under one umbrella and enhance its support for both state and local government entities and vendor partners. 

“We are continually looking for ways to better meet the needs of our clients as they evolve and grow in today’s dynamic business environment,” said Gross. “Shawn, Don and Dave are all exceptional leaders with deep industry expertise, and I am excited to work with them all in their expanded roles.”

Phillips joined Key Municipal Finance as a senior vice president in 2012; Arnone joined Key Equipment Finance as vice president of sales, technology finance in 2015; and Lempko first joined the company’s  bank channel team in 2007, returning in 2017 as senior vice president.

About Key Equipment Finance

Key Equipment Finance has been in the equipment finance business for 45 years and is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities. Through its commercial vendor unit, equipment finance programs are developed for manufacturers, distributors and resellers.

Key Equipment Finance’s specialty finance group includes a specialty finance lending team, which provides structured facilities to various sectors of the specialty finance market, and a capital markets team to support corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages nearly $13 billion in assets and originates nearly $6 billion of equipment financing annually. For more information, visit

About KeyCorp

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $141.5 billion at March 31, 2019. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit KeyBank is Member FDIC.


Stacey Hartmann
Keeton Public Relations
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