Rosenthal & Rosenthal completed a series of executive leadership changes, promoting several individuals from various divisions throughout the company who will assume new roles and responsibilities, effective Jan. 1.

Paul Schuldiner, the current executive vice president and head of purchase order financing who has built and grown Rosenthal’s trade financing division over the past five years and is a 35-year veteran in the financial services industry, was named chief lending officer. Gary Norman, executive vice president and portfolio manager with Rosenthal for the past 13 years, was named head of factoring. Norman will succeed Michael Stanley, who will leave Rosenthal, effective Dec. 31.

“We are delighted that Paul and Gary are taking on these expanded roles in our executive leadership team. With their decades of expertise and proven track record of success with clients, they are well positioned to help us lead Rosenthal into our next phase of growth,” Peter Rosenthal, president of Rosenthal & Rosenthal, said. “Michael has done an extraordinary job laying the groundwork for Rosenthal’s success over the past 23 years. We are grateful for his many significant contributions to our firm and proud of his leadership in the factoring community. I have great admiration for Michael and have valued his wise counsel and perspective over the years.”

Rosenthal’s leadership expansion plans also include additional promotions and appointments. Joe Pepe, a senior vice president at the firm, was named Northeast regional sales manager for factoring and Rob Martucci, who is also a senior vice president at the firm, was named national sales manager for asset-based lending in addition to his current role as senior underwriter in asset-based lending.