April 29, 2010 – Executive search firm Spencer Stuart has recruited William G. Sutton as president of the Equipment Leasing and Finance Association (ELFA). Most recently, Mr. Sutton served as interim president and CEO of the Association, Education and Business Institute, Inc. A former U.S. Navy Rear Admiral with 30 years' military service, Mr. Sutton previously served as commerce assistant secretary of manufacturing and services, a unit of the Dept. of Commerce's International Trade Administration. Appointed by President George W. Bush, Mr. Sutton was unanimously confirmed by the Senate. The ELFA is the trade association that represents companies in the $518 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. Founded in 1956 and privately owned, Spencer Stuart is an executive search consulting firm with 51 offices in 27 countries.