Lease Corporation of America (LCA) announced several executive staff promotions, and one significant retirement, at its corporate offices in Troy, MI, as well as at its subsidiary, LCA Bank Corporation (LCAB), which is located in Park City, UT.

Jeff Sugg has been appointed President of LCA and will continue to serve as Chief Financial Officer. Sugg will take the reins from John Kemp as president; however, Kemp will remain on as Chairman and Chief Executive Officer. Sugg has served as CFO for little more than one year. In that time, he has proven to be an invaluable asset to LCA and will continue his dedication to the success of LCA into the future, the company said.

Laura Olsen has been promoted to President of LCAB and will stay on as CFO.  Olsen has been acting Vice President and CFO of LCAB since the bank was formed in 2005. She brings years of service to LCAB and the promotion is well-founded and very much deserved, the company said.  Olsen will continue to build on the success of LCA

Christina Campos has been promoted to Chief Credit Officer at LCA and LCAB.  As Vice President, LCA Credit, Campos has been a tremendous asset managing and leading the credit department to make sound decisions, performing thorough and accurate credit analysis for complex transactions, and assisting in continuous maintenance and improvements to the credit guidelines.

Tim Talbert, the previous Senior Vice President and Chief Credit Officer of LCA, along with President of LCAB, announced his intention to retire by Nov. 30, 2018. During his tenure, Talbert has implemented changes in LCA’s credit policy and procedures to more accurately reflect the risks inherent in its core business. Under his guidance, LCA developed an extensive database that allows it to monitor the consistency of the credit decisioning process and react quickly to changes in the economic environment.  Talbert was also instrumental in the reorganization of the documentation-processing procedures, which have increased that area’s effectiveness and efficiency.

“This collection of executives supports LCA and LCAB with second-to-none service and professionalism,” Kemp said. “The contributions of everyone mentioned are very much appreciated and we look forward to their continued development in the future success of the company.”