In Memoriam:<br>Lloyd McPherson, 1923-2009
BLOOMINGTON, MN – Lloyd Leslie McPherson, former executive vice president of Gelco Leasing Corporation, passed away April 18 after a long, courageous battle with Alzheimer's. He was 85.

McPHERSON

BLOOMINGTON, MN – Lloyd Leslie McPherson, former executive vice president of Gelco Leasing Corporation, passed away April 18 at the age of 85 after a long, courageous battle with Alzheimer's. He was surrounded by family.
McPherson is survived by his wife of 64 years, Rita; six children, Kathleen Armstrong, Joseph, Patrick (Leann), Meredith (Brian) Butz, Sally (Bob) Toomey, and Matthew; grandchildren, Tim, Stacey, Jon, Carrie, Dan, Jayne, Rob, Joe, and Will; great-grandchildren, Brune and Kaden; sisters, Ione Homo and Arliss Gladhill; and many nieces, nephews, and friends.
"Lloyd was that kind of quiet, 'get the job done' type guy...I remember him well; a terrific guy...he will remain as one of the 'good guys' in my memory," said Ed Bobit, chairman of Bobit Business Media and Automotive Fleet editor and publisher. "
"He was one of the best," according to Terry Langness, vice president, national sales, PARS.
McPherson graduated from South High, where he excelled in football and track. In addition to serving in WWII and the Korean War, he was also past State President of the Minnesota Jaycee's and voted outstanding young man of Minnesota.

A mass of Christian Burial will be held 11 a.m. Wednesday, April 22 at the Church of St. Patrick, 6820 St. Patrick's Ln., Edina. Visitation 1 hour prior to Mass. Interment Ft. Snelling National Cemetery.
Memorials preferred to St. Jude's or donor's choice.
More Leasing

Union Leasing Rebrands as Moventum Fleet Management
The name Moventum reflects the company’s position at the intersection of movement and momentum, with the guiding principle "Keep Work Moving."
Read More →
How Does a Mid-Major FMC Compete? Ask BBL Fleet
This Pittsburgh-based FMC built a technology-first culture, sustained double-digit organic growth, and expanded its Midwest footprint through a recent acquisition. How did it happen?
Read More →
What’s Really Happening in Fleet Supply Right Now
Fleet supply has improved, but not everywhere. Merchants Fleet’s Charles Matthew explains where constraints still exist, what risks are emerging, and why fleets shouldn’t wait to place orders.
Read More →
These Edges Are Measured in Inches — Matt Dyer on Fleet’s New Normal
The Merchants Fleet CEO contends that fleets that drive the business win the inches. In 2026, every one of them counts.
Read More →
Who Gets a Company Car? (In 2026 and Beyond)
As costs rise and scrutiny increases, fleets are refining criteria that govern eligibility for company-owned vehicles.
Read More →
DriveItAway Holdings, Free2move Launch Operations In Nine Cities
The co-branded program with Stellantis’ mobility division scales up leasing and financing options nationwide with more cities to come online in 2026.
Read More →
AFLA 2025 Conference in Pictures
Drawing over 640 attendees, the 2025 AFLA Annual Conference was held Sept. 14-17 at the JW Marriott Marco Island Beach Resort in Florida.
Read More →
DriveItAway, Free2move Partner to Expand Vehicle Access for Dealers
The arrangement enables franchise dealers to offer flexible lease-to-own programs with no credit checks, no down payments, and no long-term commitments.
Read More →
New Survey: How Well Are FMCs Serving Fleets? We Want Your Input
Fleet managers: Share your experience to help benchmark fleet management companies’ service, strategy, and support.
Read More →
Enterprise Fleet Management Enters Its Next Leadership Chapter
With Brice Adamson’s retirement, EFM hands the reins to Bryan Taylor. How will the company sustain its momentum in a changing fleet landscape?
Read More →