a more INTELLIGENT approach to ground service equipment management

Mr. Bokor’s primary responsibilities include overseeing the organization’s operations; maintaining and expanding the company’s current relationships with funding partners, as well as establishing new ones;  leading the company’s management team in establishing short- and long-term goals, developing strategies to meet such goals, and monitoring performance against such expectations; and developing strategic partnerships with other companies within the leasing community.

Mr. Bokor began his career in public accounting in 1983, working for the mid-sized firm of Bloom Hochberg and Co. CPA’s. In 1986, Mr. Bokor joined Neptune Computer Group, Inc., a multibillion-dollar computer equipment leasing organization, where he progressed from Assistant Controller and Tax Manager to the level of Vice President and Chief Financial Officer. Mr. Bokor played a key role in structuring and negotiating the sale of substantially Neptune’s entire information technology lease portfolio in 1993. He also played a key role in the development of that company’s medical equipment leasing subsidiary in 1994, and the unit’s ultimate sale in 1996.

Mr. Bokor joined Somerset in 1996 as the company’s Chief Financial Officer. He led the structuring and negotiations of the company’s new funding facilities, as well as the development of the company’s indirect originations business unit. In 2006, Mr. Bokor assumed the role of Chief Operating Officer. In December 2007, he spearheaded the structuring and negotiations of a management-led buyout of the  former Somerset CEO’s ownership stake. Once completed, Mr. Bokor assumed the position of Somerset President and CEO.

Mr. Bokor is a Certified Public Accountant, with a Bachelor of Business Administration from Pace University. He is both a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Mr. Simon leads Somerset’s Direct Originations team, and Somerset ATE Solutions.  He is a member of Somerset’s Board of Directors and Executive Management Team. Prior to joining Somerset, Mr. Simon was a Sales Manager in the Xerox Corporation’s Agent program in Alexandria, Virginia.

From 1996 to 2006, Mr. Simon was a Direct Sales Representative and established and managed more than two dozen of Somerset’s largest accounts.  From 2006 to 2007, Mr. Simon was Somerset’s Vice President of Business Development and was responsible for establishing the Vendor Sales department. This effort created a new channel for Somerset to grow its customer base, while adding important partners to the expanding company.

Mr. Simon received a Masters in Business Administration from Fairfield University and Bachelor of Science from Hobart College.

Mr. Stearney is responsible for overseeing all facets of Somerset’s Indirect Originations Group (IOG). The IOG was established in 1995, and has funded well over $1.2B throughout its history. By developing relationships with national and regional banks, captive finance companies, and major independent lessors, Mr. Stearney’s group purchases more than $80M in annual lease transactions and is accountable for managing an active lease portfolio in excess of $175M. The IOG is also responsible for providing industry-competitive structuring and pricing options, as well as administrative support such as documentation preparation, review, and funding.

Prior to joining Somerset, Mr. Stearney served as an officer in the US Navy. He spent five years with an equipment finance company, focused on leveraging non-recourse equipment transactions within a group of community bank, before founding and operating his own private equipment-finance company for eight years. His company focused on new lease originations, as well as the buying and selling of asset backed lease schedules and portfolios.

Mr. Stearney is a native of Chicago, IL, earning his Bachelor’s from the University of Illinois and MBA from DePaul University. He is a 17-year veteran of the equipment leasing industry and has served as a member of the Independent Middle Market Council with the Equipment Lease Finance Association (ELFA).

Mr. Fiorentino’s primary responsibilities included setting policy and procedure, as well as overseeing the daily activities of the credit underwriting, portfolio management, documentation, collection, and workout departments. He also works with other department managers to develop and establish overall policy and procedures for the company.

As part of the senior management team, Mr. Fiorentino’s responsibilities include contributing to the development of the company’s strategic direction, and establishing and implementing strategic plans and business tactics to meet short- and long-term business and budgetary goals.

Mr. Fiorentino began his career in 1979, with Associates Commercial Corporation in their management-training program. He held various collection and credit positions, working in a branch office before moving to the company’s Chicago headquarters, where he held various credit-management positions. In 1987, he joined Heller Financial as the Chief Credit Officer of their Vendor Finance Division. While at Heller, Mr. Fiorentino held senior level sales and credit management positions, with his last assignment being the Senior Vice President of the Lease Portfolio Division.

In 1997 Mr. Fiorentino joined Hitachi Capital America as Vice President of Business Development, successfully building and developing the vendor program business. Mr. Fiorentino held several senior management positions at Hitachi, including his last assignment as the Senior Vice President, Chief Credit and Operations Officer. Mr. Fiorentino joined Somerset in June 2009 as the Manager of Credit and Collections.

Mr. Fiorentino holds a Bachelor’s in Business Administration from the University of Massachusetts, as well as a Juris Doctor degree from Western New England College School of Law. Mr. Fiorentino is licensed to practice law in the Commonwealth of Massachusetts.

Mr. Cotter is primarily responsible for providing vision and leadership to develop and implement information technology initiatives related to the business, financial, and operations systems that are critical to core organizational functions. Through collaboration with business leaders and select vendor relationships, Mr. Cotter establishes, plans, and administers the overall policies and goals for the information technology department, as well as helps business operations utilize information systems to improve efficiency.

Prior to joining Somerset, Mr. Cotter owned a full service technology services organization, distinguishing itself through a unique mix of hardware, software, networking and internet skills with customers ranging from small architectural firms, medium size capital markets organizations, medical and microelectronics firms to non-profit organizations.

Mr. Cotter earned his Bachelor’s in Architectural Studies and Design from the University of Massachusetts at Amherst, in 1998.

Mr. Rieber is responsible for front-end residual evaluations for all material handling, aerials, and construction assets as well as managing the operations of Somerset Equipment Sales. Mr. Rieber is an expert in remarketing assets and oversees all of this process, from equipment inspection to advertising and marketing for direct sale or consignment. He presently consults with and remarkets assets for many financial institutions as well as Somerset’s end user clients.

Actively buying and selling equipment for nearly 25 years, Mr. Rieber possesses extensive knowledge of real time valuations, as well as future and residual values. He has been trading equipment since 1991 and has built a reputation for honesty and integrity in the material handling industry, which he attributes to his continuing success.

As a former client of Somerset Capital, Mr. Rieber was brought on board in 2006, to create and develop what is now Somerset Equipment Sales. In 10 years, the division has grown to include a 45,000 sqft warehouse in Illinois with a consistent inventory of 350 pieces of equipment and sales stretching over five continents.

Mr. Rieber holds a Bachelor’s in Business Marketing from Illinois State University.

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Mr. Norris oversees all phases of the Technology Sales division for Somerset Capital Group. This division markets and sells high-tech assets that have been returned from the Somerset Capital Group lease portfolio. The division also buys and sells equipment that is bought from other leasing companies, end users, and third party brokers.

In addition to leading the sales and marketing efforts, he manages all the refurbishing, auditing, rebuilding, and reconfiguring of the high-tech assets. Mr. Norris is also involved with establishing commission structures and operational policies, as well as projecting profit results and future growth. He regularly consults with Somerset Capital Group on residual investments and future product lines that the company should look to invest in.

From his entire career, Mr. Steven Norris had been exclusively employed in the high-tech leasing field. He began in 1983 with Computer Resale Associates (CRA) in their accounting/operations department. There he held positions in accounting, data processing, and debt financing and contract administration. In 1986 he orchestrated a management buyout of CRA and became Senior Vice President of Marketing. His primary roles were to develop a lease origination sales force, develop a buy/sell sales team, and remarket the operations. He also originated lease transactions and created an indirect lease team.

In 1996 the company was sold to Newcourt Credit Group and Mr. Norris remained to run the day-to-day operations. Newcourt later sold its operations to CIT Group, which in turn was sold it to Macquarie Equipment Finance. He maintained continual employment with CIT and Macquarie generating direct and indirect leasing sales until joining Somerset.

Mr. Norris graduated from Northern Arizona University, earning a Bachelor’s in Accountancy with a minor in Information Technology.

The Somerset Family of Companies and Capabilities

From select vertical market specialties and equipment sales operations to vendor financing and our leading indirect, third party origination team, the Somerset family of companies and capabilities position our customers with unique, flexible and competitive offerings. Click each name below to learn more.

Somerset Equipment Sales, Inc.

Somerset ATE Solutions Ltd.

SEQ Precision Logistics Corp.

Somerset Equipment Finance (UK) Ltd.

Somerset Equipment Finance Ltd. (CAN)

Somerset Aviation Capital

Somerset Power Systems

BancLeasing

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