Management Team
Martin E. Zimmerman
Chairman and CEO
Martin Zimmerman started one of the first companies to specialize in healthcare equipment leasing in 1967. In 1975, he founded LINC, which became one of the largest leasing companies in the healthcare field. He organized LFC Capital in 1994 and acquired LINC’s $250 million healthcare leasing portfolio when the company went public in 1997.
He earned a Bachelor of Science in Electrical Engineering from the Massachusetts Institute of Technology in 1959, and an MBA in Finance from Columbia Graduate School of Business in 1961, where he is a member of the School’s Board of Overseers.
Mr. Zimmerman served for five years as a Trustee of Ravenswood Hospital Medical Center in Chicago, where he chaired the Finance Committee, and has been a Director of the Equipment Leasing Association.
Albert W. Golembeski
Senior Vice President, Credit and Operations
Al Golembeski, a seasoned executive with over 25 years of experience in equipment finance, joined LFC Capital in 2009 from Banc of America Leasing and Capital. At Bank of America, Al was Senior Vice President in Portfolio Program Management, responsible for improving the booking, servicing, and reporting associated with large lease portfolios. Prior to this, he was Senior Vice President and Manager of Business Banking Leasing, an integrated program targeting Bank of America clients, which increased new business volume by almost 40% per year with a 50% increase in productivity.
Earlier, Al was at Fleet Capital Leasing as Senior Vice President and Business Manager of the Small Ticket Leasing Business, where he grew the business at a 25% annual rate to $900 million in assets, while boosting productivity by over 35% annually. He also served as Integration Manager for the Fleet Capital Leasing and Bank of America Business Banking businesses.
Prior to Fleet, Al was Senior Vice President at Sanwa Business Credit Corporation, where he had a series of responsibilities including Director of Strategy-Global Vendor Finance, Strategic Planning Manager, Manager of Industrial Finance, Corporate Credit Training Manager, Product Development Manager-Vendor Finance, and Private Placement and Syndications Manager. Al started his business career at Continental Illinois Leasing Corporation in credit, pricing, and marketing positions. He subsequently taught credit training programs.
Al received his BS degree in Mathematics, Magna Cum Laude, from University of Lowell, Lowell, Massachusetts, and an MBA from the Harvard Business School.
Ted Forbes
Director, Northeast Sales
Ted Forbes heads up sales in the Northeast U.S. for LFC Capital, based in Boston. Before joining LFC, he held marketing positions with The LINC Group and successor companies, including LINC Anthem, Newcourt and CIT. Prior to that, he was a Lease Finance Specialist for Picker Finance, an affiliate of Picker International, now Philips Medical Systems. Mr. Forbes launched his career at the Harleco Division of American Hospital Supply Corporation.
Mr. Forbes is a graduate of Brown University with a Bachelor of Arts degree in Biology and Chemistry. He served in the U. S. Marine Corps.