The Equipment Leasing and Finance Association issued a statement regarding the passing of long-time member and industry leader Richard Doherty, who passed away on August 28.

Doherty enjoyed a successful 43-year career in the equipment finance industry. He cultivated life-long working friendships at numerous companies, including CIT Group, Bank of America and, finally, serving as the President of Equipment Leasing at PNC Bank. Rich was passionate about his work, and was beloved by his colleagues.

Doherty was a member of the Equipment Leasing & Finance Foundation Board of Trustees from 2012 through 2014, and assumed the role of Treasurer from 2015 through 2017.

He graduated from Bethany College and earned his MBA from the University of Pittsburgh Katz Business School.