Edward Cherney

By : October 22, 2011

Edward Cherney has made a lifelong career as an entrepreneurial executive. He is currently Chairman of TIP Capital. He has led industry renowned equipment leasing companies such as CMI Corporation, ENCORE, and AT&T Systems Leasing. Edward’s 40-year career has mainly involved directing end-user sales staffs and operations that originated sophisticated, financial-oriented lease transactions. Edward is credited for financing billions in hardware and raising equity in excess of $500 million dollars. He is recognized for his expertise in strategic business planning, profit improvement in turn-around situations and a talent for reading market conditions and taking the appropriate risks to grow the business.

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Edward Cherney has made a lifelong career as an entrepreneurial executive. He is currently Chairman of TIP Capital. He has led industry renowned equipment leasing companies such as CMI Corporation, ENCORE, and AT&T Systems Leasing. Edward’s 40-year career has mainly involved directing end-user sales staffs and operations that originated sophisticated, financial-oriented lease transactions. Edward is credited for financing billions in hardware and raising equity in excess of $500 million dollars. He is recognized for his expertise in strategic business planning, profit improvement in turn-around situations and a talent for reading market conditions and taking the appropriate risks to grow the business.

Throughout his professional career, Ed has contributed generously of his leadership, time and resources to numerous community and charitable organizations. He has helped raise millions of dollars for the retirement fund of the Immaculate Heart of Mary, Sisters of Monroe, Michigan.

He has been an active supporter of the Detroit Country Day School, by serving as a board member for over 25 years and assisting the school in a wide range of activities. Former organizations include: University of Detroit-Mercy – Trustee Emeritus, Y.M.C.A. – Director, Metro-Board, and Harvard University, New Parent Fund.

After graduating with a degree in Finance from the University of Detroit, Edward then attended the Detroit College of Law. He remained at the leading edge of the leasing profession by actively contributing to the leasing professional associations. Edward is Past Chairman of the Computer Dealers and Lessors Association (C.D.L.A.) and Past Board Member of the Equipment Leasing Association (E.L.A.).

Edward is married to Joanne and the father of five children. His daughter is a graduate of the University of Michigan, two of his sons are graduates of Harvard University and another is a graduate of the University of Virginia and the University of San Diego Law School. His youngest son will be attending college in 2012. Joanne is a graduate of Eastern Michigan University.

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