Access Capital, a New York based commercial finance company, announced the promotion of Angela Santi and Paul Mehring, to be the company's new co-Presidents. Both Santi and Mehring were each previously Executive Vice Presidents of the Company and have had years of experience at Access Capital and before that at other commercial finance companies. As a part of the fulfillment of this long-planned management succession strategy Miles M. Stuchin, the company's Founder and President since the start of Access Capital over 30 years ago, has moved from President to Chairman.

"This is a well-deserved promotion for both Angela and Paul. For the past several years we've been preparing for this change and their work going forward will very much be a continuation of the great work that they've been doing all along," said Stuchin of the promotions. "Both Angela and Paul have consistently demonstrated the dedication, intelligence and drive of personal leadership that are so fundamental to the company's well respected position in the market. I have great confidence in the role they'll continue to play together in the further growth and development of Access Capital."
 
Stuchin had the following to say about his own new position: "After 30 years as President, I welcome the change in responsibilities and the challenge of the new position. I'll still be at Access Capital and look forward to continuing to contribute to our overall performance. Our long planned management succession, from the leadership of a founder/entrepreneur to the co-presidency by a pair of exceptionally capable industry veterans, is a significant step in our continuing drive to reach the next level of growth and development."

Angela Santi has over 30 years of experience in Account Management, Auditing, Business Development and Credit Analysis.  A graduate of St. John's University, she joined Access Capital in 2000 after working as an underwriting manager and deal facilitator for CIT.  Prior to that she was part of the asset based lending group at GE Capital and before that she worked at the National Bank of Canada.  Angela lives on Long Island with her husband and two children.  She enjoys watching her daughter's soccer games, having Sunday dinners with her family; and has high hopes for the Mets this year. Angela said of her new position, "Paul and I are fortunate to work with a great group of people who contribute daily to the success of Access Capital. I expect that success to continue as we expand our roles with each other's support and the continued support of Miles, our colleagues and clients."

Paul Mehring joined Access Capital in 1990.  His experience includes work in Underwriting, Portfolio Management and Business Development.  Paul is a graduate of Villanova University.  He enjoys live music, skiing and spending quality time with his wife and two children at his home at the New Jersey shore. Regarding the transition, Mehring said, "I look forward to continuing to work with Angela and Miles side by side as we have done so successfully for so many years. The strong, client-focused culture that we've developed at Access Capital during the more than 30 years that we've been in business will continue to thrive under the leadership of Angela and me."