De Lage Landen Financial Services has
appointed William Stephenson to the company’s executive board.
Stephenson has also been appointed global chief commercial officer
for De Lage Landen International, B.V, succeeding Philip Schneck,
who will retire from the company on July 1.

In his new role, Stephenson will be responsible for the overall
operations of De Lage Landen International’s global vendor finance
activities. He will also oversee the company’s commercial finance,
public finance, marketing and global structured finance
organizations, which provide complementary products and services to
De Lage Landen’s vendor finance partners. He will be based in
Wayne, Pennsylvania.

Prior to this Stephenson was president of De Lage Landen’s office
equipment global business unit. Marc Dierckx, who has been with the
company since 2004, will succeed Stephenson in this role.

Stephenson has held various senior management positions since
joining De Lage Landen in 1987 and has more than 25 years of
experience in the vendor finance industry. He is a graduate of
Florida State University and Harvard Business School’s AMP.