Alan Sikora Named CEO

5/1/2015

Alan Sikora Named CEO

Fairport, NY – [May 1, 2015] First American Equipment Finance announced that Alan Sikora has been named Chief Executive Officer. Alan succeeds company founder, Bill Verhelle, who is stepping down as CEO. This planned transition comes on the 3-year anniversary of City National Bank's acquisition of First American. Verhelle will remain as a consultant to the company.

"We could not have imagined a better parent company for First American," said Bill Verhelle. "I have the greatest respect for Russell Goldsmith (CEO, City National) and Bram Goldsmith (Chairman Emeritus, City National) and City National's outstanding leadership team," said Verhelle. "I will miss my friends at First American; however, I know they will accomplish great things under Alan's leadership," added Verhelle.

Alan Sikora joined First American in 2002 and has held various operations, sales and leadership positions throughout the business. Since 2011, Sikora has served as First American's president.

"We have an outstanding team of professionals at First American and our future has never been brighter," said Sikora. "Under Bill's leadership, the Company has experienced exceptional success over the last two decades. My colleagues and I look forward to continuing the company's positive momentum in the years to come."

Alan Sikora has a B.A. in economics from the University of Rochester and an M.B.A. from University of Rochester's Simon Business School. Alan is also the current Chair of the Financial Institutions Business Council Steering Committee of the Washington-DC based Equipment Leasing & Finance Association (ELFA).

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