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Balboa Capital, the Irvine-based high-tech equipment financing company that has grown from 30 employees in 1993 to 130 this year, has restructured its management for further expansion.
Patrick Byrne, 31, who has served as the company's president since it was founded in 1988, will fill the newly created position of CEO. Shawn Giffin, 31, who founded the company with Byrne, will move from the position of EVP to president.
Until now, both have been involved in the day-to-day management of the company. In their new roles, Giffin will continue to handle those operations, while Byrne concentrates on expansion, investor relations and planning.
In a related move, the partners have hired Jeff Macartney, former CFO of Signal Capital in Hampton, N.H., as CFO....