William F. Stephenson Appointed Global Chief Commercial Officer
De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that William F. Stephenson will join the company’s executive board. Stephenson has been appointed global chief commercial officer for De Lage Landen International, BV He succeeds Philip Schneck, who will retire from the company on July 1.
In his new role, Stephenson will be responsible for the overall operations of De Lage Landen International’s global vendor finance activities. He will also oversee the company’s commercial finance, public finance, marketing and global structured finance organizations, which provide complementary products and services to De Lage Landen’s vendor finance partners. He will be based in the company’s United States office in Wayne, Pa.
Stephenson most recently was president of De Lage Landen’s office equipment global business unit. Marc Dierckx, who has been with the company since 2004, will succeed Stephenson in this role.
Stephenson has held various senior management positions since joining De Lage Landen in 1987 and has more than 25 years of experience in the vendor finance industry. He is a graduate of Florida State University and Harvard Business School’s AMP.
About De Lage Landen
De Lage Landen is a global provider of high-quality asset-based financing products. The company, headquartered in Eindhoven, the Netherlands, is a wholly owned subsidiary of the Dutch Rabobank Group, which is triple-A rated by the major rating agencies Moody’s and Standard & Poor’s.
With offices and joint ventures in more than 30 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: food and agriculture, healthcare, office equipment, technology, financial institutions, transportation and materials handling and construction. De Lage Landen also offers private-label leasing programs for the banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions.
In the Netherlands, De Lage Landen offers a broad range of financing products through local Rabobanks and directly to the market. These products include equipment leasing, car and commercial vehicle leasing, ICT leasing, consumer finance and trade finance.
Athlon Car Lease International became part of De Lage Landen Group in 2006. Athlon Car Lease International is active in six European countries and is an international provider of operational car leasing.
In 2007 De Lage Landen grew its net profit to €234 million ($321 million) and its lease portfolio to €20.7 billion ($30.5 billion). By year-end 2007, De Lage Landen had 4,735 employees.
