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Toglia Appointed Executive Director, CEO of NEFA

September 12, 2018, 07:27 AM

The National Equipment Finance Association (NEFA) announced the appointment of Michael A. Toglia as Executive Director/Chief Executive Officer, succeeding Gerry Egan, who will be retiring in October. Egan was appointed to the Executive Director role in 2010. Toglia will take the helm of the organization upon the closing of the NEFA Funding Symposium Oct. 3-5 in Charlotte, NC.

Toglia possesses over 30 years of experience in the equipment finance and commercial finance industries having held various leadership roles in credit underwriting, operations, business origination, sales management and capital markets for companies including Textron Financial Corporation, GE Capital and CIT Group. Toglia is currently President and Founder of Equipment Finance Advisor. He has been an active member of NEFA and its predecessor associations for many years and is currently the Editor-in-Chief of NEFA Newsline Magazine.

“I am honored to have been chosen to lead NEFA and I look forward to expanding upon the strong foundation of this association created under the leadership of Gerry Egan and the many NEFA members who have dedicated their time toward the success of the association,” said Toglia. “NEFA members are unique professionals and I am excited to work closely with our volunteer leadership and members and expanding upon NEFA’s core values of Community, Education and Professionalism. I would also like to thank Gerry Egan for his friendship and the support he has provided me over the many years we have worked together.”

Mike Coon, CLFP, of North Star Leasing, NEFA President and Chairman of the Board, said: “After an extensive executive search and selection process, I am extremely confident Mike will do a great job of leading the NEFA to the next level for the entire membership. His depth of experience in the equipment finance and commercial finance industry, experience building a successful publishing business, along with his demonstrated commitment to the success of the NEFA over the years and his vision for the NEFA’s future make him the best choice for this important leadership role.”

“I feel very confident leaving NEFA in Mike Toglia’s capable hands,” said Egan, NEFA’s retiring Executive Director and CEO. “NEFA’s in great shape with a strong and committed membership, and Mike’s the right person to build on that and take the association into the future. Both myself and my wife, Jamie Egan, who has worked closely alongside of me, are very much looking forward to some time off and we both are very appreciative of the generous encouragement and support we’ve received from the NEFA Boards and membership over the past eight years. We look forward to seeing and thanking many of them in person at our Funding Symposium in Charlotte, NC, October 3-5.”

NEFA is a national association serving small to mid-sized independent equipment finance companies, lessors and brokers. NEFA is a strong association offering enhanced educational programs and premium networking opportunities with broad geographic and industry segment diversity. The mission of NEFA is to provide a forum for members to pursue personal and professional growth and promote ethical business practices through advocacy, networking and industry involvement. For more information, visit: or call: 847-380-5050.

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