MOUNTAINSIDE — Ron Arrington, global president of CIT Vendor Finance based in Livingston, has been appointed to serve on the Children’s Specialized Hospital Foundation Board of Trustees for the next three years. The hospital serves children affected by brain injury, spinal cord injury, premature birth, autism, developmental delays, and life-changing illnesses.
The Board of Trustees at the Children’s Specialized Hospital Foundation governs, guides, and advocates for the hospital, patients, and families. The Board guides the foundation to secure new and continued levels of philanthropic support from a diverse donor constituency through a variety of gift and investment opportunities while minimizing expenses and maximizing the positive impact that each gift has on the lives of special needs children.
CIT Vendor Finance is a leader in developing business solutions for small businesses and middle market companies for the acquisition of equipment and value added services. Arrington has 28 years of experience in providing intermediary financing for both commercial and consumer markets. His areas of expertise include vendor finance programs, structures and partnerships, equipment leasing, software financing, maximizing vendor sales, managed services (structuring and financing) and utilizing technology as an enabler.
“We’re so excited that Mr. Arrington has joined our Board of Trustees and can share his expertise in business solutions with us,” said Philip Salerno III, president and chief development officer, Children’s Specialized Hospital Foundation.
Arrington serves on the Equipment Leasing and Finance Association (ELFA) Captive and Vendor Finance Business Council Steering Committee. He received his bachelor of science in management from East Carolina University.
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