Lease Corporation of America (LCA), based in Troy, MI, and its Utah-based industrial bank subsidiary, LCA Bank Corporation (LCAB) announced 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,” said 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, Executive Vice President, Operations, is promoted to President of LCA, assuming Sugg’s position at the parent company. Vogel also becomes Chief Operating Officer of LCAB where she will report to Kemp.

Travis Soto, Chief Financial Officer of LCAB will also become Chief Financial Officer of LCA. In this new capacity, he will report to 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 Worsley’s new assignment, his sales team will report to VP of Sales Gary Hanson. Hanson will also assume day-to-day relationship responsibility for any national accounts previously managed by 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 Sheehan. Worsley, Hanson and Sheehan will continue to report to Jeff Teucke, EVP of Sales & Marketing.