Sonoma Capital appointed Michael Dubowec president of the company. Dubowec will work with Randy Smyth, interim president and CEO of Sonoma Capital, to oversee a smooth transition in responsibilities while Smyth remains on as CEO.
Dubowec is an equipment leasing industry executive with more than 30 years of experience in the Canadian equipment leasing industry, including several leadership positions within a Canadian bank’s leasing division. Throughout the years, his vision and financial focus on performance, combined with his dedication to building award-winning teams, led to his success in overseeing a portfolio valued at more than $2 billion.
“Since Sonoma launched in May 2022, we’ve been extremely fortunate to attract some of the most talented and passionate people within the small-ticket lease industry in the entire organization. With a strong team in place, we needed an equally talented president to lead the business while energizing our growth plans, driving profitability and seizing the opportunities ahead of us. Over the past couple of decades, I personally watched Mr. Dubowec lead and impressively grow a bank-owned leasing business through several economic cycles. This was the caliber of president we knew Sonoma needed. I am looking forward to working alongside and learning from Michael as we continue to scale the business,” Smyth said.
“I am elated to be back to the industry after a brief hiatus to join Sonoma Capital. The team Randy has created is passionate and successful in dominating their markets while never losing sight of the people behind it. Even though I began my career over 30 years ago with an independently-owned leasing company and eventually transitioned to being the president of a financial institutional leasing company, this opportunity is the most exciting. As a private lender, I look forward to serving our staff and delivering flexible solutions to our clients,” Dubowec said.
