Sany America sees executive shakeup

A global equipment manufacturer, a dealership chain and several finance providers made leadership changes in May. 

Sany America welcomes new executives 

Sany America, a subsidiary of Chinese equipment manufacturing heavyweight Sany Group, promoted Wendy Boland to chief financial officer effective immediately, according to a May 15 company release.  

She joined the company in June 2024 as assistant vice president for North America. Prior to joining Sany, Boland held finance director roles at chemicals distribution company Univar and its subsidiary, Chempoint.  

Sany America also named Jeff Pate chief sales officer, according to a May 12 release. He will oversee sales strategies, dealer development and marketing across Sany’s product portfolio. Previously, he was vice president of sales at Hyundai Construction Equipment North America and director of sales at Yanmar Compact Equipment North America, according to his LinkedIn profile.  

Carlborg promoted to Ferronordic CEO 

Construction and truck equipment dealer Ferronordic appointed Henrik Carlborg president and chief executive effective immediately, according to a May 15 release by the Stockholm-based company. Carlborg succeeded Lars Corneliusson, who transitioned to executive chairman of the board. 

Carlborg joined Ferronordic as general counsel in 2013 and had been business development director and deputy CEO since 2017. He played a pivotal role in Ferronordic’s expansion into the United States and has been responsible for development of Ferronordic’s U.S. operations, according to the release. 

PEAC Solutions names Schoonmaker president of Americas  

Global equipment financier PEAC Solutions appointed Eileen Schoonmaker president of the Americas, effective June 16, according to a May 19 release. The role is held by Greg Sting, according to LinkedIn, and it’s unclear what his next move is.  

As leader of PEAC Solutions’ operations in the Americas, Schoonmaker will focus on driving performance, innovation and long-term value creation. She has more than 35 years of experience in equipment leasing and vendor finance, most recently as president and general manager at DLL.  

Star Hill taps Rainbolt to lead equipment finance division  

Star Hill Financial hired Lori Rainbolt to fill its new role of senior underwriter for franchise and equipment finance, effective immediately, according to a May 5 company release.  

Rainbolt will oversee credit underwriting and analysis across Star Hill’s franchise and equipment finance platforms. With more than 20 years of experience in commercial credit, underwriting and risk management, she has held leadership positions at Auxilior Capital Partners and ConnectOne Bank.