Small business finance company BFS Capital has named Michael Marrache its CEO. He replaces cofounder Marc Glazer.
Mr. Marrache served more than three years as COO before being named president last December. He also joins the board, where Mr. Glazer will continue to serve as chairman.
“Michael has been invaluable in enhancing operations and driving sales,” Mr. Glazer said. “As CEO, he will lead our strategic direction both domestically and internationally, and spearhead initiatives that will continue to improve our loan portfolio metrics and strengthen our reputation among customers and partners as a premier small business lending organization.”
“I began work with BFS Capital nearly four years ago because I thought the company had enormous potential, and I’m even more certain of this today,” Mr.Marrache said. “I’m honored to have been asked by Marc and the Board to lead the company’s next phase of growth.
“Our business has experienced great momentum over the last year and we’re setting a course for continued growth and leadership. We have a strong, committed management team and together, along with our employees, we’re primed to execute on our priorities, including upgrading the customer experience, investing in our product offerings and leveraging our data science to drive insights for our customers and partners.”