November 2006 - Clark launches CEFIT to provide the missing link in servicing the needs of customers

Clark Equipment knows the equipment, from design and manufacture, to sales, after-sales support and maintenance but what had been missing was for Clark to supply the financial services and training to go with it.

With the launch of the new CEFIT division, Clark Equipment will now offer the Finance, Insurance and Training to provide the "Complete Solution" to it's customers. Thus the name CEFIT.

Announcing the launch of CEFIT, Peter Hammond Finance Director of Clark Equipment said, "We have successfully negotiated a panel of Banks, Financial Institutions and Insurance Companies, leveraging off Clark Equipment's market position to secure special rates and terms."

"Our partners have been selected on their ability to work with us in tailoring finance, insurance and training products based on the specific needs of our clients to support our commitment to them."

Clark Equipment has internally appointed Ruth Frost to manage the CEFIT operation. Ruth has many years experience in credit management. After gaining a degree in Business Administration in the UK, Ruth continued her career in credit control and finance in the UK and then in Australia.

Having worked at Clark Equipment for several years, her internal appointment to the CEFIT manager role is in accord with Clark Equipment's policy of promoting talented people from within. Ruth has the management skills to successfully direct the activities of the Business Development Executives and foster the important relationships between lenders, customers and salespeople.

Ruth Frost said, "I am very excited about the new role. It's nice to be given a new challenge but still to be dealing with the sales reps. and the customers. My first task was to ensure that we have the right people as CEFIT BDE's - that they are trained and experienced to discuss our customer's specific circumstances in a confidential, professional manner. We now have that structure in place, and it is terrific to be working with an experienced and enthusiastic team."

"I am delighted with the high calibre of the people, with their many years of equipment finance experience that we have been able to attract as BDE's. It has really enabled CEFIT to go for fast growth."

Mark Skinner has been appointed as the NSW BDE. He has 24 years experience in finance including 14 years in the equipment finance industry working for Orix and the Commonwealth Bank. Mike Polsen is the Queensland BDE and has been in equipment finance with major lenders including Esanda, Mercantile Credits and Orix for over 30 years. Based in Victoria, Brendan Scroggie has been appointed the BDE for Victoria, South Australia and Tasmania. Brendan has over 6 years experience in equipment finance with major lenders including Esanda, ANZ, and Macquarie Leasing.