WASHINGTON, D.C. – The Equipment Leasing and Finance Association (ELFA) has selected Randy Haug, Executive Vice President, Vice Chairman and Co-Founder of LTi Technology Solutions, to receive its 2021 David H. Fenig Distinguished Service in Advocacy Award. The award honors individuals who have made significant contributions to the association’s advocacy efforts to promote sound public policies for the equipment finance industry. Haug will be formally recognized at ELFA’s Virtual Capitol Connections event on Wednesday, May 19.
ELFA President and CEO Ralph Petta said, “As the leading advocate for the equipment finance industry, ELFA plays a critical role in making sure our industry’s voice is heard as elected officials develop regulatory and legislative initiatives that impact our members’ businesses. Without the leadership and commitment of members like Randy Haug, these efforts would not be successful. We thank Randy for all he has done to help advance the ELFA advocacy agenda. It is an honor to present him with this well-deserved award.”
“I am genuinely humbled and honored to be named along with many incredible industry peers who have received this award before me,” said Haug. “Actively volunteering and advocating for issues that are important to sustain and propel our industry forward is something I strongly believe in. It inspires me to see ELFA members advocating on Capitol Hill each year. They educate and make a compelling case to elected officials on important public policy issues. When the ELFA and ELFA voluntary members collaborate, it creates a powerful message to our elected government officials on both the federal and state levels. Thank you for honoring me with this wonderful award.”
Haug has more than 30 years of experience in the equipment leasing and finance industry. As an active participant in ELFA, he has supported the industry’s policy objectives in a number of ways. He has been a steadfast participant in the association’s annual Capitol Connections event in Washington, D.C., attending every year since 2015. At this event, Haug has met with members of Congress, highlighting the value of equipment finance to the U.S. economy and the impact of legislative and regulatory proposals on the industry. He has also been active on the local level in Omaha, Nebraska, nurturing relationships with his elected representatives and hosting a member of Congress at the offices of LTi Technology Solutions. In addition, Haug has supported LeasePAC, ELFA’s nonpartisan federal political action committee, consistently contributing to the PAC at the Chairman’s Club level.
Haug is a member of ELFA’s Advocacy Advisory Committee, which provides advice and counsel to the association’s federal government relations efforts on a broad range of legislative and regulatory issues. As an industry thought leader, Haug has lent his expertise to a number of other ELFA committees. He also has served on the Membership Committee and was integral to the creation of the Service Provider Business Council Steering Committee. Haug also gives back to the industry as an active supporter of Equipment Leasing & Finance Foundation, serving on the Foundation’s Board of Trustees, as Chair of its National Development Committee and as a member of its Marketing Committee. In addition, he has served as a speaker and panelist at numerous industry events and authored articles for leading industry publications.
Outside of ELFA, Haug is active with the National Equipment and Finance Association (NEFA). He is a Past President of NEFA and Current Chair and Co-Founder of NEFA’s Chris Walker Education Committee. He is also an active member of the Canadian Finance & Leasing Association.
About the Award
The David H. Fenig Distinguished Service in Advocacy Award is named for ELFA’s former Vice President of Federal Government Relations, David H. Fenig, who served as an accomplished and tireless advocate on behalf of the equipment leasing and finance industry from 2004-2011.
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2021, ELFA is celebrating 60 years of equipping business for success. For more information, please visit www.elfaonline.org.