Hitachi Capital America Vendor Services (HCA Vendor Services) announced Jeff Cowan will retire as President on April 2 and Jim Teal has been promoted to President and Chief Operating Officer.

Cowan was a founding partner of Creekridge Capital and became President of HCA Vendor Services when the company was acquired by Hitachi Capital America Corp. in June 2016. Cowan's 20 years of leadership with the company includes several important contributions towards building the company to where it is today.

"I have enjoyed the journey and working with the team here," Cowan said."I am excited for Jim and what the future holds for this company."

Teal has been with the company for 11 years and previously had the title of COO/Chief Credit Officer. Prior to HCA Vendor Services/Creekridge, Teal was the executive vice president of Finance & Operations at Sunrise International Leasing Corporation.

"It is a great privilege to lead this company and I am confident we will continue to provide the service levels and innovation our partners require. We have a great group of people here and I am grateful to work with them," Teal said.