New president for Taycor Financial

Taycor Financial has appointed Michael Hong, currently the equipment leasing and financing company’s vice president of business development, as its new president.

Hong replaces Bob Skibinski, the original founder and owner of Taycor, who will continue as chairman in an advisory and mentorship role at the company, which has offices in Los Angeles, CA and Boston, MA.

Skibinski has been president and CEO since 1997, when he founded the business, which has been named on the INC 500 list of America’s fastest growing private companies.

“It has been a pleasure growing the company to where it is today,” Skibinski said. “It has been an exciting journey. I will always value the relationships and friendships I have made with our lending network, equipment leasing peer community, vendor partners, and countless customers over the many years.”

Hong began his career in equipment leasing and financing in 2001 as a marketing manager for an east coast company, eventually serving as VP of business development before moving to the west coast to join Taycor in 2011. He has held responsibility for the company’s development initiatives in providing a more streamlined customer experience as well as the overall growth of the organization.

“It is an honor to assume the role as president,” said Hong. “I am excited to be a part of a talented team of professionals that work together in collaboration with the small and medium sized business community.”