Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announced leadership promotions of David Gagnon as Vice President of the newly created Strategy and Sales Operations division, and Philippe Frenette as the new Vice President, Risk, Portfolio Management and Credit.

The Strategy and Sales Operations division was created to lead strategic business initiatives and promote cross-functional collaboration in improving the productivity and efficiency of the company’s internal processes. Gagnon’s new position follows his success in his previous role as VP, Equipment Finance for Eastern Canada. He will be responsible for new value-added product offerings, including operating leases and notably, Equipment-as-a-Service (EaaS) financing. He will continue to manage relationships with construction manufacturers with established partnerships. He will also be responsible for the sales operations team, and oversee the optimization and continuous improvement of sales processes.

“We are delighted to have David ’s proven leadership and vision to support our ongoing organizational transformation,” said Mitsubishi HC Capital Canada President François Nantel. “We’re continuing to expand beyond our core leasing business to create new value-added solutions that align with our organizational priorities and maximize the value we bring to customers. David’s leadership and skillset is going to be instrumental as we work to accomplish this vision.”

Frenette has been with Mitsubishi HC Capital Canada since 2016. In his new role as VP of Risk, Portfolio Management and Credit, Frenette will ensure the assessment of all credit risks and opportunities within the organization, while establishing and monitoring the risk appetite and tolerance to support and sustain business growth. He will continue the responsibilities of his previous position as VP, Commercial Finance & Diversified Industries at Mitsubishi HC Capital Canada to ensure a smooth transition.

“Since joining Mitsubishi HC Capital Canada, Philippe has steadily advanced through the ranks due to his keen business sense, remarkable energy and drive,” said Nantel. “Given his solid experience, skills and expertise, we are confident that he will contribute significantly to our transformation objectives.”