eCapital named Charles Sheppard, formerly president of the company’s freight factoring division, chief operating officer. In this new role, Sheppard will oversee both the eCapital freight factoring and eCapital commercial finance divisions.
As COO, Sheppard also will lead the newly formed corporate-level marketing and IT departments. As a founding shareholder of Accutrac (now eCapital), and with more than 25 years of senior management experience, Sheppard will build out eCapital’s operations as it grows as a provider of alternative finance solutions across industries, including transportation, staffing, manufacturing, apparel and others.
“We are pleased to announce the appointment of Charles Sheppard to the newly created position of chief operating officer for eCapital Corp.,” Marius Silvasan, CEO of eCapital, said. “With this move, the entire eCapital family will benefit from consolidated and highly focused leadership, allowing us to optimize operations and drive efficiencies across all divisions.
“With the consolidation of the eCapital brand and acquisitions of several companies over the past four years, including Accutrac, Bibby Financial Services, Gerber Finance, Inc., Paragon Financial Group, Prosperity Funding and the REV Finance Group factoring portfolio, there is a need for integration and unification within the company. Charles will execute on the vision of the company as we gain a stronger foothold in the commercial finance industry.”
“Over the past several years, our organization has been growing and evolving quite rapidly,” Sheppard said. “We are at a critical moment in the company’s history, and I am excited to take on this role. Centralizing eCapital’s marketing and IT departments allows us to elevate our brand even further. We have the teams and the talent in place to take advantage of market opportunities ahead.”
eCapital provides alternative financing solutions like invoice factoring, factoring lines of credit and asset-based lending to small and middle market companies.
