BankVest Capital Corp. Names Douglas R. Schultz as New Chief Financial Officer.MARLBORO Marlboro or Marlborough (märl`bərō), city (1990 pop. 31,813), Middlesex co., E Mass.; settled on the site of a Native American village 1657, inc. as a city 1890. , Mass.--(BUSINESS WIRE)--July 9, 1999-- BankVest Capital Corp. today announced the appointment of Douglas R. Schultz as Chief Financial Officer. Schultz joins BankVest after a distinguished career at Sanwa Business Credit Corp. He will lead all aspects of the financial reporting for the leasing company. He replaces Kellie Jacques who has resigned to pursue a career in financial service sales. Prior to his appointment at BankVest, Schultz held a variety of executive management positions with Sanwa, a multinational diversified financial services company, and Continental Illinois Leasing Corp. "Douglas brings an outstanding combination of many years of leadership, financial expertise and business skills to the company," said Paul Gass, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "His talents and experience in business credit are key requirements as BankVest expands." Schultz was previously Executive Vice President and CFO See Chief Financial Officer. at Sanwa as well as Executive Vice President and Division Head responsible for vendor finance products and services. He earned a BS degree in Business Economics from Purdue University, West Lafayette, Indiana West Lafayette (IPA: [wɛst ˈlɑ.fəˌjɛt]) is a city in Tippecanoe County, Indiana, United States, 65 miles (105km) northwest of Indianapolis. The population was 28,778 at the 2000 census. , and earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance from DePaul University, Chicago. He is a member of the Illinois CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Society and was an Equipment Leasing Association (ELA) Accounting Committee member from 1987 through 1991, he acted as Committee Chairman in 1990 and 1991. In addition, he was an ELA Vendor Program Business Council member in 1996 and 1997. He chaired the Council in 1997. BankVest Capital Corp. provides equipment and lease financing services through equipment manufacturers, vendors, customers and financial service providers. BankVest Capital focuses on providing leasing for telecommunications, graphic arts, computers, copiers, office furniture, manufacturing, automotive service, automotive diagnostics, healthcare, woodworking and hospitality equipment. Paul Gass founded the privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in 1994. BankVest currently has over 135 employees nationwide and more than 13,000 accounts and manages a gross receivable portfolio of $413 million in leases as of December 31, 1998. To learn more about BankVest visit their website at http://www.bankvest.com. |
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