Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, promoted David Gagnon to vice president of the firm’s newly created strategy and sales operations division and promoted Philippe Frenette to vice president of risk, portfolio management and credit.
The company created the strategy and sales operations division to lead strategic business initiatives and promote cross-functional collaboration in improving the productivity and efficiency of the company’s internal processes. Gagnon’s new position follows his tenure in his previous role as vice president of equipment finance for eastern Canada. He will be responsible for new value-added product offerings, including operating leases and, notably, equipment-as a-service (EaaS) financing. He will continue to manage relationships with construction manufacturers with established partnerships. He will also be responsible for the sales operations team and oversee the optimization and continuous improvement of sales processes.
“We are delighted to have David’s proven leadership and vision to support our ongoing organizational transformation,” François Nantel, president of Mitsubishi HC Capital Canada, said. “We’re continuing to expand beyond our core leasing business to create new value-added solutions that align with our organizational priorities and maximize the value we bring to customers. David’s leadership and skillset is going to be instrumental as we work to accomplish this vision.”
Frenette has been with Mitsubishi HC Capital Canada since 2016. In his new role as vice president of risk, portfolio management and credit, Frenette will ensure the assessment of all credit risks and opportunities within the organization while establishing and monitoring risk appetite and tolerance to support and sustain business growth. He will continue the responsibilities of his previous position as vice president of commercial finance and diversified industries at Mitsubishi HC Capital Canada.
“Since joining Mitsubishi HC Capital Canada, Philippe has steadily advanced through the ranks due to his keen business sense, remarkable energy and drive,” Nantel said. “Given his solid experience, skills and expertise, we are confident that he will contribute significantly to our transformation objectives.”