a more INTELLIGENT approach to equipment finance

Mr. Bokor’s primary responsibilities include overseeing the organization’s operations; maintaining and expanding the company’s current relationships with funding partners, as well as establishing new ones;  leading the company’s management team in establishing short- and long-term goals, developing strategies to meet such goals, and monitoring performance against such expectations; and developing strategic partnerships with other companies within the leasing community.

Mr. Bokor began his career in public accounting in 1983, working for the mid-sized firm of Bloom Hochberg and Co. CPA’s. In 1986, Mr. Bokor joined Neptune Computer Group, Inc., a multibillion-dollar computer equipment leasing organization, where he progressed from Assistant Controller and Tax Manager to the level of Vice President and Chief Financial Officer. Mr. Bokor played a key role in structuring and negotiating the sale of substantially Neptune’s entire information technology lease portfolio in 1993. He also played a key role in the development of that company’s medical equipment leasing subsidiary in 1994, and the unit’s ultimate sale in 1996.

Mr. Bokor joined Somerset in 1996 as the company’s Chief Financial Officer. He led the structuring and negotiations of the company’s new funding facilities, as well as the development of the company’s indirect originations business unit. In 2006, Mr. Bokor assumed the role of Chief Operating Officer. In December 2007, he spearheaded the structuring and negotiations of a management-led buyout of the  former Somerset CEO’s ownership stake. Once completed, Mr. Bokor assumed the position of Somerset President and CEO.

Mr. Bokor is a Certified Public Accountant, with a Bachelor of Business Administration from Pace University. He is both a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

As COO, Ms. Woronick is focused on Somerset’s operational functions throughout the company. She collaborates across departments as well as business units to identify, structure and apply new procedures and system implementations. Ms. Woronick is dedicated to promoting an environment of growth for our staff members through ongoing employee training and career development opportunities.

Additionally, Ms. Woronick supervises Somerset’s Treasury, Compliance and Sales Administration departments. Throughout her career at the company, Ms. Woronick has held many roles and responsibilities. Each of these has helped her gain a unique perspective and cultivate relationships that assist her to be an effective leader within the organization.

Prior to joining Somerset, Ms. Woronick spent the previous 10 years at an independent leasing company focused on the healthcare industry. She held various positions with this company, starting as an account manager in sales before transitioning and expanding her focus to include operational responsibilities including lease documentation, vendor relations and portfolio management.

Ms. Woronick holds a Business Administration degree from Sacred Heart University in Fairfield, CT.

Mr. Simon leads Somerset’s Direct Originations team, and Somerset ATE Solutions.  He is a member of Somerset’s Board of Directors and Executive Management Team. Prior to joining Somerset, Mr. Simon was a Sales Manager in the Xerox Corporation’s Agent program in Alexandria, Virginia.

From 1996 to 2006, Mr. Simon was a Direct Sales Representative and established and managed more than two dozen of Somerset’s largest accounts.  From 2006 to 2007, Mr. Simon was Somerset’s Vice President of Business Development and was responsible for establishing the Vendor Sales department. This effort created a new channel for Somerset to grow its customer base, while adding important partners to the expanding company.

Mr. Simon received a Masters in Business Administration from Fairfield University and Bachelor of Science from Hobart College.

Mr. Stearney is responsible for overseeing all facets of Somerset’s Indirect Originations Group (IOG). The IOG was established in 1995, and has funded well over $2B throughout its history. By developing relationships with international and regional banks, captive finance companies, and major independent lessors, Mr. Stearney’s group purchases more than $125M in annual lease transactions throughout the U.S. and Canada and is accountable for managing an active lease portfolio in excess of $400M. The IOG is also responsible for providing industry-competitive structuring and pricing options, as well as administrative support such as documentation preparation, review, and funding.

Prior to joining Somerset, Mr. Stearney served as an officer in the US Navy. He spent five years with an equipment finance company, focused on leveraging non-recourse equipment transactions within a group of community bank, before founding and operating his own private equipment-finance company for eight years. His company focused on new lease originations, as well as the buying and selling of asset backed lease schedules and portfolios.

Mr. Stearney is a native of Chicago, IL, earning his Bachelor’s from the University of Illinois and MBA from DePaul University. He is a 23-year veteran of the equipment leasing industry and has served as a member of the Independent Middle Market Council with the Equipment Lease Finance Association (ELFA).

Mr. Cotter is primarily responsible for providing vision and leadership to develop and implement information technology initiatives related to the business, financial, and operations systems that are critical to core organizational functions. Through collaboration with business leaders and select vendor relationships, Mr. Cotter establishes, plans, and administers the overall policies and goals for the information technology department, as well as helps business operations utilize information systems to improve efficiency.

Prior to joining Somerset, Mr. Cotter owned a full service technology services organization, distinguishing itself through a unique mix of hardware, software, networking and internet skills with customers ranging from small architectural firms, medium size capital markets organizations, medical and microelectronics firms to non-profit organizations.

Mr. Cotter earned his Bachelor’s in Architectural Studies and Design from the University of Massachusetts at Amherst, in 1998.

Ms. Baird’s primary responsibilities include overseeing Somerset’s accounting functions including financial reporting, budgeting, and tax.

She started her career in public accounting in 1978 with PriceWaterhouseCoopers. Ms. Baird has held various leadership roles in accounting and finance including Controller and Chief Administrative Officer at Johnson Electric, N.A., Inc (1987-2003), VP Finance at Northern Power Systems (2003 – 2007), Controller and CFO of Optimera Energy (2007-2010) and CFO of Sanef ITS Technologies (2010-2014).

Most recently, Ms. Baird (2015- 2019) served as CFO of ShelterLogic Corp, where she was responsible for accounting and finance, as well as IT and HR. While at ShelterLogic she led the transition and integrations team for two major acquisitions, effectively doubling the size of the organization. As a member of the senior management team, she participated in the successful sale of the company to a new private equity group.

Ms. Baird is a CPA (inactive) and has a Bachelor’s in accounting from the University of Bridgeport.

Mr. Rieber is responsible for front-end residual evaluations for all material handling, aerials, and construction assets as well as managing the operations of Somerset Equipment Sales. Mr. Rieber is an expert in remarketing assets and oversees all of this process, from equipment inspection to advertising and marketing for direct sale or consignment. He presently consults with and remarkets assets for many financial institutions as well as Somerset’s end user clients.

Actively buying and selling equipment for nearly 25 years, Mr. Rieber possesses extensive knowledge of real time valuations, as well as future and residual values. He has been trading equipment since 1991 and has built a reputation for honesty and integrity in the material handling industry, which he attributes to his continuing success.

As a former client of Somerset Capital, Mr. Rieber was brought on board in 2006, to create and develop what is now Somerset Equipment Sales. In 10 years, the division has grown to include a 45,000 sqft warehouse in Illinois with a consistent inventory of 350 pieces of equipment and sales stretching over five continents.

Mr. Rieber holds a Bachelor’s in Business Marketing from Illinois State University.


Mr. Norris oversees all phases of the Technology Sales division for Somerset Capital Group. This division markets and sells high-tech assets that have been returned from the Somerset Capital Group lease portfolio. The division also buys and sells equipment that is bought from other leasing companies, end users, and third party brokers.

In addition to leading the sales and marketing efforts, he manages all the refurbishing, auditing, rebuilding, and reconfiguring of the high-tech assets. Mr. Norris is also involved with establishing commission structures and operational policies, as well as projecting profit results and future growth. He regularly consults with Somerset Capital Group on residual investments and future product lines that the company should look to invest in.

From his entire career, Mr. Steven Norris had been exclusively employed in the high-tech leasing field. He began in 1983 with Computer Resale Associates (CRA) in their accounting/operations department. There he held positions in accounting, data processing, and debt financing and contract administration. In 1986 he orchestrated a management buyout of CRA and became Senior Vice President of Marketing. His primary roles were to develop a lease origination sales force, develop a buy/sell sales team, and remarket the operations. He also originated lease transactions and created an indirect lease team.

In 1996 the company was sold to Newcourt Credit Group and Mr. Norris remained to run the day-to-day operations. Newcourt later sold its operations to CIT Group, which in turn was sold it to Macquarie Equipment Finance. He maintained continual employment with CIT and Macquarie generating direct and indirect leasing sales until joining Somerset.

Mr. Norris graduated from Northern Arizona University, earning a Bachelor’s in Accountancy with a minor in Information Technology.

As General Manager, Mr. Staub oversees all phases of the Somerset ATE Solutions division for the Somerset Capital Group. The division leases, refurbishes, re-configures, and re-markets Automated Test Equipment (ATE) to the Semiconductor industry. Leases and sales originate from the division’s extensive Teradyne and Advantest systems and parts inventory. Customers include the semiconductor industry’s largest IDMs, OSATs, and Fabless companies and subcons.

Prior to joining Somerset, Mr. Staub held various leadership positions within the semiconductor test equipment and test equipment peripheral industry. Most recently, he was the general manager of the prober division at Boston Semi Equipment. Prior to working for Boston Semi Equipment, Mr. Staub served as ATE Business Unit Director at MVTS and launched the company into the ATE peripherals market. He began his career as an apps engineer at Teradyne, and then held marketing product manager and account manager roles before moving to manage bi-coastal sales regions at Eagle Test Systems.

Mr. Staub graduated from Tufts University, where he received a BSEE in Electrical Engineering, with a minor in Biomedical Engineering.

The Somerset Family of Companies and Capabilities

From select vertical market specialties and equipment sales operations to vendor financing and our leading indirect, third party origination team, the Somerset family of companies and capabilities position our customers with unique, flexible and competitive offerings. Click each name below to learn more.

Somerset Equipment Sales, Inc.

Somerset Power Systems

Somerset ATE Solutions Ltd.

Somerset T&M Solutions

Somerset Equipment Finance (UK) Ltd.

Somerset Equipment Finance Ltd. (CAN)

Somerset GSE Capital



Our team is ready to help you take a different, more intelligent approach to your equipment finance