Key Management

Henry J. Abbott

President of CCC & CIGF, Inc.
Director of CCC, CCSC and CIGF Inc.

Henry J. Abbott, age 55, joined Commonwealth in 1998, as a Portfolio Manager. Mr. Abbott serves as a Director and President of the parent and its affiliates. Mr. Abbott is a registered principal of the broker/dealer. He is also responsible for lease acquisitions, equipment dispositions and portfolio review. Additionally, he is also responsible for oversight of residual valuation, due diligence, equipment inspections, negotiating renewal and purchase options and remarketing of lease equipment.

Prior to Commonwealth, Mr. Abbott had been active in the commercial lending industry, working primarily on asset-backed transactions for more than 30 years. He was a founding partner of Westwood Capital LLC in New York, a Senior Vice President for IBJ Schroeder Leasing Corporation and has managed a group specializing in the provision of operating lease finance programs in the high technology sector. Mr. Abbott brings extensive knowledge and experience in leasing and has managed over $1.5 billion of secured transactions.

Mr. Abbott attended St. John’s University and holds his NASD Series 7, 63, and 24 licenses. Mr. Abbott is a member of the Equipment Leasing Association and the Investment Program Association. Mr. Abbott serves as senior member on the Portfolio Advisory Committee, the Audit Committee, the Disaster Recovery Committee and the Facilities Committee.

William Pieranunzi III

Director of CCC and CCSC, Senior Vice President of CCC and President of CCSC.

William Pieranunzi III, age 49, joined Commonwealth in 2007 as President, Director and Manager of the broker/dealer affiliate. Mr. Pieranunzi is also Director and Senior Vice President of the parent. Mr. Pieranunzi is responsible for managing due diligence and broker/dealer development, as well as coordination of the national sales and marketing effort, syndication and product development. Mr. Pieranunzi serves on the Disaster Recovery Committee and the Website committee. 

Prior to Commonwealth, Mr. Pieranunzi in 2005 co-founded and was Chief Executive Officer and President of Jing Tsai Entertainment Company, Ltd. in Foshan, Guangdong Province, China; Foshan’s premiere entertainment company providing “Five Star” Karaoke through multiple 99KTV Store Locations. He retains his titles and continues to serve on the board. Prior to that, from 1996-2004, Mr. Pieranunzi was a private investor, traveling world wide and pursuing his love of photography. From 1984-1995, Mr. Pieranunzi worked at PLM International, then a $1.4 billion publicly traded worldwide provider of transportation equipment and related financial services. He joined PLM as a junior wholesaler and in 1994 became Executive Vice President. Prior to that, from 1981 to 1984 Mr. Pieranunzi worked at Mutual Benefit Financial Services Company, the registered broker/dealer of Mutual Benefit Life Insurance Company where he was manager of the mutual funds and pension divisions. 

Lynn A. Franceschina

Executive Vice President and Chief Operations Officer.

Lynn A. Franceschina, age 36, joined Commonwealth in 2001 and serves as Executive Vice President of CCC and the General Partner, Senior Vice President of CCSC, and Chief Operations Officer and Director of CCC, CCSC, and the General Partner and certain of its affiliates.  Ms. Franceschina is responsible for daily operations, including oversight of all accounting, financial reporting and tax functions, investor communications, and human resources.

During the period of March 2004 to October 2004, Ms. Franceschina was employed at Wilmington Trust Corp. where she was part of the policies & procedures team responsible for Sarbanes Oxley documentation.  Prior to joining Commonwealth, Ms. Franceschina was the Business Controls Manager for Liquent, Inc., a leading software developer, where she was responsible for managing corporate forecasting and analysis, as well as the budgeting for the sales & marketing division. From 1999 to 2000, she served as a Senior Financial Analyst for Environ Products, and from 1994 to 1999, she was a Senior Accountant with Duquesne University.  Prior to joining Duquesne University, Ms. Franceschina was an accountant with the public accounting firm of Horovitz, Rudoy, & Roteman. 

Ms. Franceschina is a Sigma Beta Delta graduate of Robert Morris University, during which time she also served as treasurer of her Alpha Chi national honor society chapter.  Ms. Franceschina holds her FINRA Series 22, 63, and 39 licenses.  She is a member of the Disaster Recovery committee, the Equipment Leasing & Finance Association, Investment Program Association, and the Institute of Management Accountants.

Jay Dugan

Executive Vice President & Chief Technology Officer of CCC.

Jay Dugan, age 58, joined Commonwealth in 2002 and serves as Director and Executive Vice President and Chief Technology Officer of the parent and its affiliates. Mr. Dugan is responsible for the information technology vision, security and operation and ongoing development, including network configurations, protection of corporate assets and maximizing security and efficiency of information flow.

Prior to Commonwealth, Mr. Dugan founded First Securities USA, an NASD member firm, in 1988 and operated that firm through 1998. From 1999 until 2002, Mr. Dugan was an independent due diligence consultant until he came to Commonwealth to develop that area of the firm.

Mr. Dugan attended St. Petersburg College and holds an AS Degree in Computer Networking Technology. He is a Microsoft Certified Systems Engineer, Microsoft Certified Database Administrator and Cisco CCNA. Mr. Dugan is a senior member of the Disaster Recovery Committee, as well as oversight member of the Website Committee.

Mark Hershenson

Senior Vice President of CCC, CCSC and CIGF Inc. & Broker/Dealer Relations Manager

Mark Hershenson, age 42, joined Commonwealth in 2002 and serves as Senior Vice President and Broker Dealer Relations Manager of the parent and its affiliates.  Mr. Hershenson is responsible for management of all broker/dealer relationships, and over-sees the Due Diligence, Marketing, and Broker Services Departments. 

Prior to Commonwealth, Mr. Hershenson served as part of a financial planning practice at American United Life from 1999 through 2002.  He has written a book for the Florida Insurance Commissioner on how to sell insurance products.  Additionally, in 1991 through 1998, Mr. Hershenson served as sales trainer at MetLife for over 100 registered representatives. 

Mr. Hershenson attended Stonehill College and holds a Bachelor’s in Psychology, with a concentration in Marketing/ Organizational Behaviorism and Master’s level coursework in Financial Planning though American College.  He holds his FINRA Series 6, 7, 39 and 63 licenses.  Mr. Hershenson is a member of the Equipment Leasing and Finance Association and the Investment Program Association.

James Pruett

Senior Vice President & Compliance Officer of CCC, CCSC &
CIGF, Inc.

James Pruett, age 42, joined Commonwealth in 2002 and serves as Senior Vice President and Compliance Officer of the parent and its affiliates. Mr. Pruett is responsible for management of regulatory policies and procedures, assisting in compliance internal audit, associate regulatory filings, broker/dealer registrations, state and broker/dealer financial regulatory reporting requirements. Mr. Pruett assists in the management of shareholder records and updates. He is a member of the Website Committee.

Prior to joining Commonwealth, he served as Managing Editor/Associate Publisher for Caliber Entertainment, a publishing and entertainment licensing company. Mr. Pruett’s responsibilities included oversight of production of publishing library, as well as serving as Editor-in-Chief for all publications and additionally serving as Media Relations Liaison.

Mr. Pruett holds his NASD Series 22, 39 and 63 licenses. He is a member of the Equipment Leasing Association and the Investment Program Association.

Donna Abbott

Vice President & Investor Relations Manager of CCC, CCSC & CIGF, Inc.

Donna Abbott, age 47, joined Commonwealth in 2001 and serves as Vice President and Investor Services Manager of the parent and its affiliates. Ms. Abbott is responsible for management of daily operations in Investor Services, from pre-formation stage through issuance of investors’ final distribution, communication, audited financial report, including fund masters, blue sky coordination, subscription processing, distributions, transfers of interest, redemptions, reporting and tax reporting.

Prior to joining Commonwealth, Ms. Abbott served as a Pennsylvania licensed realtor. She is a member of the Equipment Leasing Association and a member of the Investment Program Association.

She is a member of the Website Committee and the Disaster Recovery Committee. Ms. Abbott holds her NASD Series 22 and 63 licenses.