IFC Credit Corporation Announces Key Changes in Senior Management

MORTON GROVE, Illinois, August 15, 2007 -
IFC Credit Corporation today announced management changes of the company’s vendor and middle market business groups.
Rudy Trebels, President and CEO, stated that this involves several positions, including the promotion of Dave Farber to Senior Vice President of Sales / Marketing, Vendor Services.
In his new position, Dave will report directly to Rudy Trebels and will be focusing on advancing the company’s vendor program sales and marketing strategies.  
“I am very excited about the opportunity to lead IFC’s vendor business, and look forward to contributing toward IFC’s rapid growth,” said Dave Farber.
Dave Farber has been with IFC Credit Corporation since December, 2005, and previously served as Vice President of Vendor Sales in directing the vendor group’s downtown Chicago office.  Prior to joining IFC Credit Corporation, Dave Farber was Vice President of Sales for the Midwest Region for Vencore Solutions, LLC.  Earlier, Dave had been a senior executive in various roles at FirstCorp, which was acquired by IFC Credit Corporation in 2003.
Kevin Collins, current Vice President of Vendor Sales will report to Dave Farber, and will be assuming increased responsibilities for managing the company’s regional sales personnel.  Kevin Collins has been with IFC since October 2003, and has over 17 years of experience in the equipment finance industry with such notable companies as CIT, G.E. Capital, Bombardier Capital and SBC Capital.
Senior executive management of FirstCorp will report directly to the CEO. John Estok, the incumbent president of the division, will be leaving IFC later this month and relocating to the west coast to pursue other interests.
Trebels stated, “We will miss John’s leadership in our small-ticket group.  He has made significant contributions to the company, and we wish him the best in his future endeavors.”
Trebels also announced the appointment of Scott Jarnac as Senior Vice President of Middle Market Sales.  Scott comes to IFC with over 22 years of equipment finance experience and will be responsible for directing IFC’s middle market business origination efforts.  Scott has held executive sales management positions with firms such as Summit Funding Group, M/C Leasing, CSI and AT&T Systems Leasing.
“I’m looking forward to working with the IFC team, and helping them leverage their middle market business opportunities to grow the division significantly over the coming years,” said Jarnac.
About IFC Credit Corporation
IFC Credit Corporation is a national equipment leasing and finance company providing innovative services to manufacturing, wholesale, and professional service industries.  Headquartered in Morton Grove, Illinois, the company was founded in 1988 and serves a broad market from small businesses to Fortune 500 companies. The company is leading independent lessor that is included in the Monitor 100 list of top equipment leasing companies nationwide.


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Brian Cascarano
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(847) 663-6700

bcascarano@
ifccredit.com