Blue Chip Leasing, a division of Chesswood Group Limited announced the appointment of Marcelle Newstadt as sole President. Newstadt started with Blue Chip in 2002 and has been directly responsible for the operations of the business over the last fifteen years.

“We’re very excited for Marcelle who now takes over sole responsibility for Blue Chip’s continuing growth, after partnering with Ramon Chait, as Co-Presidents,” said Barry Shafran, Chesswood’s President and CEO. “Marcelle is well known within the Canadian leasing industry and is a highly capable and respected leader,” Shafran added.

In September 2017, Ramon Chait will be joining Equilease Corp. (“Equilease”) to help support the business’s continuing expansion efforts. Equilease is one of Canada’s largest equipment finance brokers and a valued and long-time customer of Blue Chip.

“Ramon has made a large contribution to Blue Chip’s success and we thank him for those efforts,” said Marcelle. “I’m committed to driving the continued growth of Blue Chip, along with our excellent team,” added Ms. Newstadt.

Blue Chip’s mission is to build mutually beneficial partnerships with its equipment finance brokers through competitive products and superior service. Blue Chip, led by President Marcelle Newstadt, will continue to provide leading edge service and an expanding product appetite as its growth as one of Canada’s largest independent equipment finance lenders continues.