For Immediate Release
CoActiv Expands its Office Products Group with Key Personnel Changes
(Horsham, Pennsylvania) – December 17, 2012 – Leader in equipment leasing, CoActiv Capital Partners, Inc. (CoActiv), a subsidiary of Element Financial Corporation, announced today the hiring of Mr. Patrick Neary as Senior Vice President and Business Unit Manager for the Office Products Group. In a related move, Mr. David Gerrard was promoted to the position of Senior Vice President of Program Management for the company’s Technology Finance and Office Products divisions. These changes will poise CoActiv for major sales growth into 2013.
At CoActiv, Patrick will develop manufacturer and dealer-based financing programs and oversee the Office Products business unit. Prior to this position, Patrick served in several roles as he expanded his career at De Lage Landen (DLL). Most recently Patrick was the Regional Vice President of Sales for North America, responsible for implementing the retail dealer model for the Office Equipment and Technology business units. In this role, he demonstrated the ability to generate substantial revenue growth for the Office Equipment Group.
“Pat brings a wealth of experience and leadership to our Office Products Group,” said Steve Grosso, CoActiv’s President and Chief Operating Officer. “Having worked with him in the past, he is a known performer and will help us with our growth initiatives in the Office Products business.”
David Gerrard will now be responsible for Program Management of the Office Products and Technology Finance business units. David brings impressive, 28-years of experience in office products leasing to this position, with previous roles as Vice President of Sales in the Office Products division and as Vice President of Program Management in CoActiv’s Technology Division. Prior to CoActiv, Mr. Gerrard held positions at Tokai Financial Services, where he was the National Accounts Director of Sales and then Director of the largest region of their Office Products Group. He began his career at Lanier Worldwide.
Mr. Grosso continued, “David’s sales experience and industry skills will translate into tremendous sales growth for our company. I’m extremely excited as these changes will ready CoActiv in our core markets as we enter the New Year.”
About CoActiv Capital Partners
CoActiv Capital Partners, Inc. headquartered in Horsham, Pennsylvania, is one of the fastest growing commercial equipment leasing finance companies in the U.S. CoActiv specializes in designing and implementing private-label sales-aid finance programs to meet the needs of equipment manufacturers in specific industries and has particular expertise in customizing programs for the multi-tiered distribution channels within those industries.
About Element Financial Corporation
With total assets of approximately $1.5 billion, Element Financial Corporation is one of North America’s leading independent equipment finance companies. Element operates in three verticals of the equipment finance market – Element Capital provides large ticket equipment leasing, Element Finance serves the mid-ticket equipment finance market and Element Fleet provides vehicle fleet leasing and management solutions through the Company’s TLS Fleet Management division.