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Bennington Financial CEO and Founder Mlynowski Retires

October 08, 2020, 07:20 AM

Nearly 25 years after founding Bennington Financial Corp., CEO Larry Mlynowski has announced his retirement. Bennington's President and Chief Operating Officer Troy Campbell takes over as President and CEO. Mlynowski will stay on in an advisory capacity through to the end of the year to help with the transition. Bennington is Canada's largest broker-focused equipment lessor and operates as a subsidiary of the Equitable Bank.

"I've had the incredible privilege of working alongside Larry for the past four years and want to thank him for his invaluable leadership and mentorship during that time," said Campbell. "Thanks to Larry's vision and personal investment in the organization's people, Bennington has established itself as a company with a passion for service that is built on a culture of creativity. He will be greatly missed, and I am personally invested in protecting and building on the legacy he leaves behind. To quote Larry himself, I truly believe that 'the best is yet to come.'"

"As I look back over the past 25 years, I am proud of what our team has achieved," said Mlynowski. "We have built a company that has always maintained a high level of honesty and integrity. A company that supports a culture where family has always been considered a priority. A company where we respect each other and our differences. Those elements have always formed the pillars of our 'Recipe for Success'. Under Troy's leadership and the support and guidance of Andrew and his team at Equitable, I am confident that I am leaving Bennington in good hands. I am excited to move forward to refocus and search out new adventures."

Equitable Bank acquired Bennington in 2018 to broaden its reach as Canada's Challenger Bank by supporting entrepreneurial businesses across Canada such as those in the growing equipment leasing industry.

"The entrepreneurial, challenger mindset that Larry employed to build and grow Bennington is a testament to his enormously successful career," said Andrew Moor, President & CEO of Equitable Bank. "From starting Bennington as a little startup in his basement in 1996, to where it is today with 140 employees and more than $500 million in assets under management is a true success story. His leadership, commitment to culture, and passion for solving problems will leave an enduring legacy. Through this leadership transition, I have the utmost confidence in Troy's commitment to working with the brokers in a way that strengthens Bennington's success within our Equitable family."

Bennington, through its subsidiary brands Bodkin Capital Corporation and Equirex Leasing Corp., serves the equipment finance industry in Canada in partnership with a select network of independent leasing brokers. Bennington provides small and medium-sized business customers with competitive and innovative leasing solutions with unique and creative structures needed to finance their growth and their dreams.

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