Amur Equipment Finance (AmurEF) announced the promotion of Michael P. Karman to Co-President. Michael will be working alongside Andrea Zana, AmurEF’s Co-President and Chief Risk Officer. In addition to his new responsibilities, Karman will retain his current position of Chief Commercial Officer. Malia K. Du Mont, former Co-President and Chief Operating Officer is stepping down to pursue other opportunities in academia, but will remain an advisor to AmurEF.

“Malia truly has been instrumental in leading our company’s transformation and growth for the last two years,” said Mostafiz ShahMohammed, AmurEF’s Chairman and CEO. “Additionally, we are delighted that Michael has accepted his new role. As a highly respected industry veteran, Michael is a natural fit for the position and we are confident he will continue to build upon the significant work that has already been accomplished.”

Karman joined AmurEF in 2014, initially as President of Eastern Region Sales and then Chief Commercial Officer.

“I am honored to accept this new role with AmurEF and look forward to further strengthening our sustainable and scalable model for business growth,” said Karman. “Regarding Malia, I believe I speak for everyone at AmurEF, when I say it has been a pleasure to work with such a talented and exceptional person and we are delighted she will remain connected with all of us through her advisory position.”

Additionally, James Truran, Amur Finance Company’s current Vice President of Strategic Planning, will assume the role of Chief Operating Officer at AmurEF. Truran began working with Amur Finance Company and its subsidiaries in 2016 as a strategy and operational efficiency consultant. Prior to Amur, he worked in the Pentagon as the United Kingdom’s Exchange Officer to the Office of the Secretary of Defense.