KLC Financial, Inc. announced the retirement of Marc Keepman, CLFP, its founder, CEO and Chairman and the promotion of President Spencer Thomas, CLFP, to the role of CEO.

While Keepman steps down from the CEO role, he will continue to serve as the Chairman of the Board.

“I am pleased to announce the promotion of Spencer Thomas to CEO of KLC Financial, Inc.,” Keepman said. “Spencer has been my partner over the past 20 years and our sales and business development leader. Spencer has been President for the past five years and is more than prepared to take us into the next rounds of growth and expansion as our CEO.”

Thomas has decades-long experience in the equipment leasing and finance industry and has held various roles from business development to executive management. Prior to his past 20years at KLC Financial, the St. Mary’s University graduate has held positions at LeasePoint.com and IMI. He is an active member of many industry associations including the National Equipment Finance Association and Certified Lease & Finance Professionals. Thomas is ready to take on this role from his longtime partner and embrace this new opportunity with KLC Financial.

“I am very excited to embark on the opportunity to be the CEO of KLC Financial, Inc.,” Thomas said. “KLC is well-positioned for success with an accomplished leadership team, valued customers, advanced platform and formative partners. I plan to move forward with continuing KLC’s mission of delivering equipment finance solutions to our clients with integrity, depth of knowledge and speed. The future is very bright for KLC Financial and our stakeholders.”