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Small-Business Lender CAN Capital Replaces CEO, Promotes Sanz

By Tony Seruga

CAN says it has underperforming assets, must fix collections
Sanz, a lawyer, joined in 2004 and heads executive committee

CAN Capital Inc., one of the first and biggest online small-business lenders, promoted Parris Sanz to acting chief executive officer as it identifies underperforming assets and moves to improve its collection processes.

CEO Dan DeMeo and “two other members of his team” are on leave of absence, Kayla Muller, a spokeswoman for the company at Prosek Partners, said Tuesday in an e-mailed statement. Ritesh Gupta was promoted to chief operating officer…

Small-Business Lender CAN Capital Replaces CEO, Promotes Sanz

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