BankRI’s Macrolease Corporation Announces Paul Vecker as Next President and CEO

Longtime expert in equipment finance industry will success Daniel West, who has led Macrolease since establishing the company in 1969

PROVIDENCE, R.I. – Macrolease Corporation, a Bank Rhode Island (BankRI) company, is pleased to announce that Paul Vecker will be joining the company as President and CEO, effective June 17.

Vecker brings nearly 35 years of experience in the Equipment Finance industry, most recently as a senior executive at PNC Equipment Finance, the fourth largest bank-owned equipment finance company, with more than $16 Billion in total assets. While at PNC Equipment Finance, Vecker served in a variety of leadership roles including Chief Growth Officer and General Manager of the company’s Vendor Finance Business.

Prior to joining PNC, Vecker was the President and CEO of The Navigator Group, LLC, a specialized equipment finance business which he founded. He also held senior executive positions at a number of other public and privately-owned equipment finance companies.

“We are very excited to have found someone with Paul’s background and experience to join our company,” said Mark J. Meiklejohn, President and CEO of Bank Rhode Island. “We are looking forward to having Paul leading Macrolease through the next chapter of its storied history.”

In taking over as President and CEO, Vecker will be succeeding Daniel West, who founded the company in 1969, and has served as its CEO since. West will be retiring effective the end of June.

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