Encina Equipment Finance promoted Rick Matte to president and CEO. Matte previously held the role of president and chief operating officer.

Following this promotion, Matte will have oversight of and responsibility for Encina Equipment Finance’s commercial, risk, operations and finance functions. He will report directly to Encina Equipment Finance’s executive committee, which is comprised of Willie Brasser, Ron Fontana, Andy Salter and Jason Wolff.

“I’m very pleased to announce Rick’s promotion,” Brasser, who was previously CEO of Encina Equipment Finance and is the current chairman of the firm’s executive committee, said. “Over the past four years, Rick has done an incredible job building a high-performing team of nearly 30 dedicated professionals and the infrastructure required to scale our fast-growing platform. I have every confidence that Rick is ready to take the reins and drive the next stage of growth at EEF.”