RESIDCO Appoints David Kolber as Chief Commercial Officer

USA – RESIDCO, the Chicago-based specialty finance company focused on leasing and asset-based investments in the aviation and flight training sector, has appointed David Kolber as Chief Commercial Officer — a newly created role reflecting the continued expansion of the firm's commercial platform and the increasing scale of its aviation and rail businesses.

• Kolber joins RESIDCO's executive leadership team alongside CEO Glenn Davis and President Michael Yovkovich, overseeing commercial strategy, origination activities, and key counterparty and banking relationships across both business verticals.
• Over his decade at RESIDCO, Kolber originated and structured a number of the firm's highest-return transactions across the aviation portfolio, led the build-out of RESIDCO's aviation teardown investment activities, and spearheaded the firm's entry into general aviation leasing — both of which have become meaningful contributors to the firm's results.
• The creation of a dedicated CCO role signals the growing complexity and scale of RESIDCO's commercial operations, with the appointment following the firm's recent expansion of its senior secured revolving credit facility to USD 450 million with Fifth Third Bank.

RESIDCO operates VR Leasing (https://vr-lease.com/) which provides leasing solutions to flight training organisations covering a fleet of Cessna 172, Piper Archer TX, Piper Seminole and Diamond DA42 aircraft.

Statements

• "Establishing the Chief Commercial Officer role and elevating David into it ensures we have the leadership capacity to support that growth. David has consistently demonstrated the creativity, execution, and results this role demands," said Michael Yovkovich, President of RESIDCO.

Source: RESIDCO