March 8, 2021 – Lease Corporation of America, Troy, MI (LCA) and its Utah-based industrial bank subsidiary, LCA Bank Corporation (LCAB) announced a number of executive and staff changes that will advance the strategic direction of the company and drive the growth of its vendor financing business.
John B. Kemp, Chairman and CEO of LCA will assume responsibility as CEO of LCAB replacing Jeffery Sugg, who is departing to assume a new role outside the industry.
“While I am sad to see Jeff Sugg leave, it is for all the right reasons – a great opportunity that he simply could not pass up,” remarked John Kemp, Chairman. “His imprint on LCA has been significant, especially over the tumultuous last 12 months. Although he will be missed, LCA and LCA Bank have developed a strong bench that will allow the companies to continue along the growth path that has been set.”
Jillian Vogel, EVP Operations is promoted to President of LCA, assuming Mr. Sugg’s position at the parent company. Ms. Vogel also becomes Chief Operating Officer of LCAB where she will report to Mr. Kemp.
Travis Soto, Chief Financial Officer of LCAB will also become Chief Financial Officer of LCA. In this new capacity, he will report to Ms. Vogel.
VP of Sales, Dan Worsley assumes a new role as VP of Sales Administration where he will concentrate his energies on improving the quality and utility of the company’s CRM platform.
As a result of Mr. Worsley’s new assignment, his sales team will report to VP of Sales, Gary Hanson. Mr. Hanson will also assume day-to-day relationship responsibility for any national accounts previously managed by Dan Worsley.
Mark Sheehan, VP of National Account Business Development will assume responsibility for all existing and new syndication relationships on both a buy and sell-side basis.
Anthony Lafata, Manager of National Accounts and Working Capital will report to Mr. Sheehan.
Messrs. Worsley, Hanson and Sheehan will continue to report to Jeff Teucke, EVP of Sales & Marketing.
About Lease Corporation of America and LCA Bank Corporation
LCA is a full-service financing company specializing in technology and industrial equipment financing. LCA offers targeted leasing programs to equipment manufacturers and resellers. Based in Troy, Michigan, LCA has serviced the needs of its vendors and customers 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
LCA Bank Corporation, a wholly-owned subsidiary of LCA and federally-insured institution, has historically been recognized in the upper 10 percent of the more than 7,000 FDIC-insured financial institutions in the United States based on Return on Average Assets.