bank subsidiary to wade into Netherlands leasing uncertainty in
2009, with a possible upcoming consolidation of its business
lines.
It is understood that DLL’s six business lines (agriculture,
health care, office equipment, technology, construction/industrial,
and transportation) may be consolidated to some extent in 2009. The
company’s business plans for the year ahead, originally due to be
released during Q3, remain under renewed discussion.
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During its most recent restructuring, DLL adopted a vertical
structure based along the above asset lines, with all geographies
managed through headquarters in Eindhoven.
The appointment of Pennsylvania-based William Stephenson as
chief commercial officer of DLL in June of this year, however,
marked the first top level appointment to be made outside the
Eindhoven base of operations.
Another looming change for DLL is the expected retirement of CEO
Karel Schellens, which is expected by many in the first half of
2009.
Who replaces Schellens, and what they decide to do with DLL’s
management structure, will be key to understanding the vendor
finance giant in the year to come.
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By GlobalDataFred Crawley
