October 23, 2019 – Lease Corporation of America announced that Jeffrey L. Teucke has been named Executive Vice President of Sales & Marketing. Mr. Teucke will be responsible for all sales, business development and marketing to grow the company’s vendor relationships throughout the country.
Mr. Teucke brings over 35 years of leasing industry experience in sales leadership to Lease Corporation of America. Most recently, he was with UniFi Equipment Finance where he was responsible for leading the business development and sales effort for the equipment finance subsidiary of Bank of Ann Arbor. He also was the liaison for the commercial lending team at the bank. Previously, Mr. Teucke served as Sales Leader for Dimension Funding and the Technology Group General Manager at EverBank Commercial Finance (now TIAA Commercial Finance). Prior to EverBank he was the Managing Member of Capital Conduit Partners, LLC, a small-ticket independent leasing and financial service firm he co-founded to address underserved market segments in the healthcare and renewable energy industries. He additionally served as Senior Vice President of Siemens Financial Services where he held a number of senior management, marketing and corporate development roles. Mr. Teucke also has held leadership and sales positions in the captive finance unit of AT&T Capital Corporation and its successor organizations, Newcourt Financial and CIT.
“We are indeed fortunate to have Jeff join us at this time of transition in our company. His strong track record of sales leadership and equipment finance experience across a number of platforms will serve LCA and its customers well,” said Jeffery Sugg, President and CFO of Lease Corporation of America.
Born in Fairfield, CA and raised in St. Clair Shores, MI, Mr. Teucke graduated from Eastern Michigan University with a BS in Business Administration majoring in Marketing. He also completed the AT&T Leadership Development Program and the Siemens Duke Fuqua School Corporate Education Training. Mr. Teucke obtained his Certified Lease & Finance Professional (CLFP) designation in 2018.
“I am very excited and energized to join the team at LCA and look forward to bringing new ideas and concepts to serve our vendors across the U.S. I have the benefit of building off the great foundation that was laid by John B. Kemp over 31 years ago,” said Mr. Teucke.
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About Lease Corporation of America
LCA is a full-service financing company specializing in technology and industrial equipment financing. LCA offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines. Based in Troy, Michigan, LCA has serviced the needs of its vendors, customers and brokers since its formation in 1988. LCA is one of the largest independently owned leasing companies in the United States. For more information, please visit www.leasecorp.com.