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Utica Leaseco Promotes LaCroix to President

January 08, 2021, 07:25 AM

Utica Leaseco, LLC announced the promotion of Renate E. LaCroix to President. LaCroix is a licensed attorney and has been with Utica Leaseco for more than 10 years. During her tenure, she has been involved in almost every facet of the business – proposal negotiation, legal documentation, due diligence and closing of Utica Leaseco’s secured lease and loan transactions, managing activities of outside legal counsel, fostering and maintaining customer relationships, successfully managing workouts, advertising and promotion efforts, and supervising back office operations.

“Ms. LaCroix has progressively become more and more indispensable to Utica Leaseco’s operations as she has easily and seamlessly shouldered larger responsibilities. She is absolutely capable of leading our outstanding staff as we continue to grow,” said David Levy, Utica Leaseco’s Chief Executive. “Ms. LaCroix works hard to create and build relationships with customers, attorneys, brokers and partners. Her experience allows her to fully understand both sides of every transaction and respond to each item precisely. Her careful consideration of every potential outcome is essential to the day-to-day legal and business operations of Utica Leaseco and the success of its customers; something that Ms. LaCroix takes very seriously. This promotion acknowledges that she truly is irreplaceable.”

LaCroix stated, “I am honored to take on a larger role at Utica Leaseco and look forward to the challenges that accompany it. We have built an exceptional team and I look forward to playing an important part in the continued growth and success of Utica Leaseco and its Connecticut-based affiliated company, Utica Equipment Finance.

LaCroix’s appointment reflects her unparalleled commitment to Utica Leaseco, her strong reputation among her peers and will support Utica Leaseco’s ongoing successful execution of its strategic initiatives and further strengthen its position as a leading asset-based specialty finance company.

Utica Leaseco, based in Rochester Hills, MI, provides financing based on collateral, not credit.

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