Global asset finance provider DLL has announced that chief executive officer (CEO) William F. Stephenson will retire at the end of 2021.

In his announcement to DLL’s global workforce, Stephenson said his focus was on, “ensuring the company has a strong finish to the 2021 business year and is positioned for continued growth and success in 2022 and beyond.” He will also assist with finding his successor and ensuring a smooth transition of leadership to the successful candidate.

Pictured: William F. Stephenson

Stephenson has been with DLL, and its predecessor companies, for 35 years. He started as a local district sales manager, before gradually moving up the management ranks. He was appointed to the executive board of DLL as the chief commercial officer for vendor finance in 2008, prior to taking on the role of global head of vendor finance in 2011. He was appointed as CEO and chairman of the executive board in 2014.

Today, DLL operates in over 30 countries, across nine industry sectors, and a managed portfolio exceeding 35bn euros ($41bn). DLL has been ranked as the number one vendor finance company in the US for 12 consecutive years by industry publication MonitorDaily. DLL has also previously received Leasing Life’s “European Vendor Finance Provider of the Year” award three times. Stephenson has also been recognised for his work as CEO, receiving Leasing Life’s “Lifetime Achievement Award”. In 2017, he was presented with the Associated Equipment Distributors (AED) Chairman’s Award for DLL’s work in the construction industry.

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Stephenson commented on his retirement:

“Over the years, it has been my honour to both witness and play a role in the tremendous growth and amazing changes at DLL. Most importantly, I have had the distinct pleasure of working alongside some very special and talented people. It is that peace of mind, knowing that I will leave DLL in good hands and in phenomenal shape for the future, which makes this difficult decision an easy and comfortable choice. It is the right time for me, and for DLL, to start writing the next exciting chapters in our respective histories.”