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AP Equipment Financing Hires Coveney as EVP, Head of Fleet & Mobility Division

February 05, 2024, 07:23 AM

AP Equipment Financing announced the addition of Alex Coveney as Executive Vice President of the newly established Fleet & Mobility Division. In addition to being tasked with developing value-added services throughout AP’s portfolio, the division will also explore untapped segments for new growth opportunities.

Coveney comes to AP with over 25 years of professional experience in building strategies, program development and management with 22 of those years in the rental and leasing industry. After his first 19 years of business development at a global rental and leasing company, he transitioned to business ownership where he used his keen entrepreneurial spirit to skillfully and successfully build and divest a multimillion-dollar business in a few short years. After his achievements in business ownership, Coveney re-entered the rental and leasing industry with a focus on innovation and program development for enterprise-level clients.

Coveney said, “I am incredibly excited to join the AP team and contribute to advancing AP’s brand and capabilities. AP's strong leadership, entrepreneurial spirit, and dedication to fostering an employee and client-focused culture reverberates within the company, resonates with customers, and leaves a lasting impact on the industry. I look forward to building upon AP’s strong brand and stellar reputation as we bring the new product offerings to market.

President, Chris Lerma, CLFP said, "We are thrilled to welcome Alex Coveney as the Executive Vice President of the Fleet & Mobility Division. Alex's experience and entrepreneurial prowess perfectly aligns with AP's focus on innovation and creating new value-added programs for our entire clientele base. His leadership and ideas will contribute to our strategic growth and reinforce AP’s position within the industry."  

As EVP at AP Equipment Financing, Coveney will play a pivotal role in shaping strategic direction, driving portfolio expansion, and overseeing the operational functions of the leasing and mobility business. His leadership style, marked by collaboration, innovation, and a strong commitment to service, resonates with AP's dedication to surpassing the ever-changing needs of today's customers.

AP actively manages a portfolio of over 13,000 contracts with more than $745 million in receivables. AP looks forward to the growth and leadership that Coveney brings to the table in 2024.

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