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Fleet Advantage Appoints VP of Syndication

November 07, 2014 - Press Release

Fleet Advantage has appointed Marc Gingold as vice president of syndication, the fleet management company announced.

The appointment of Gingold will enhance the relationships between Fleet Advantage their clients and finance partners, according to the company. Gingold will be responsible for managing commercial lease transactions for syndication; credit, collateral and financial analysis; and developing and nurturing relationships with finance partners.

Gingold has held a number of executive positions in management and operations, with an emphasis on equipment leasing. Prior to joining Fleet Advantage, Gingold was senior vice president of Canon Financial Services, and the president and chief executive officer of Oce Financial Services.

Fleet Advantage is also continuing to grow its clean diesel initiative. On-boarding of new clients, additional business from existing clients, new Class 8 orders in excess of 1,800 tractors, and lease origination volume exceeding $200 million for the nine-month period ending Sept. 30.

EXchangeIT, a continuous improvement business model, typically saves clients in excess of $15,000 per tractor during its first year of operation, according to the company. Companies across all industries are realizing the value of managing their fleet data and changing their philosophy to a three- to four-year lifecycle from the historical seven to 10 years to take advantage of the year over year improvement in tractor MPG, as well as significant reductions in maintenance and repairs.

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