Wells Fargo CDF Exec Elected to 2017 MIC Board


Pictured is Paul Puma, executive vice president of Wells Fargo Commercial Distribution Finance, speaking on a panel at PowerSports Finance 2016 in Las Vegas.

Paul Puma, executive vice president of Wells Fargo Commercial Distribution Finance, was elected to serve on the 2017 board of directors for the Motorcycle Industry Council, the association announced on Tuesday.

Additionally, Arnold Ackerman and Andy Leisner have each been reelected to the MIC board, according to a company press release. All three will serve two-year terms.

The board includes six appointed directors, representing the top OEMs by marketshare, and six elected directors, representing five aftermarket companies and one OEM.

Puma has been a motorcycle enthusiast for more than 50 years, and has served the powersports industry for more than 31 years, according to the release. Puma previously worked for ITT Commercial Finance, managing the motorsports unit, and he continued in this capacity throughout the years and through several acquisitions – including CDF’s recent acquisition by Wells Fargo & Co. in March 2016. His position gives him the opportunity to work at both the retail and wholesale levels, with key individuals from many motorcycle manufacturers, according to the release.

Ackerman is chairman emeritus and founder of Motorsport Aftermarket Group. Ackerman is the current chair of the MIC Aftermarket/Allied Trades Committee. Leisner is vice president and group publisher of Bonnier Motorcycle Group.

“From a list of highly-qualified candidates, the members of the MIC have voted in two returning directors, Arnie Ackerman and Andy Leisner, and a new face to the MIC Board, Paul Puma, but by no means a new face to motorcycling,” Tim Buche, MIC’s president and chief executive, said in the release.

Two directors have also announced their retirement from the MIC board. Dennis McNeal, former MIC chairman, retired from his post on the board, as well as from his position as vice president of motorcycle operations at Yamaha Motor Corp. USA, according to the release. Don Emde, the owner and president of Don Emde Inc., also retired.

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