NORWALK, Conn.--(BUSINESS WIRE)--Nov. 17, 2005--GE Commercial Finance - Global Media & Communications today announced that two new positions have been created with the goal of providing clients with full-time, real-time insight into technological trends and developments relative to their industry sectors. Filling the key industry advisory positions will be Robert C. Raciti, Ph.D. and Ron Stevenson, each of whom is recognized for his expertise and knowledge of innovative, groundbreaking technologies. The creation of these new internal roles will enable GE to offer its customers a richer understanding of the dynamic competitive landscape.
"We want our clients to view us as not just a provider of capital, but a multi-faceted resource that is able to offer the in-depth, up-to-the-minute industry expertise required to thrive in the crowded telecom, media and technology marketplace," said Bob Stefanowski, business leader, GE Commercial Finance - Global Media & Communications. "With a combined 50+ years of experience and knowledge under their belts, these gentlemen are expertly qualified to help our clients evaluate new strategic and technological developments in their industries."
In their new positions, Messrs. Raciti and Stevenson will provide clients with expert industry insight and commentary on risks and opportunities within rapidly developing segments of the media and communications sector, as well as on a broad range of emerging technologies affecting U.S. industries.
Robert Raciti, Ph.D. has over 18 years of operational experience in the science and technology fields, and has served for the last five years as a vice president of Risk for GE Commercial Finance. Prior to joining GE, he was director of Networks and Telecommunications for Pitney Bowes, and he has also held senior technical positions in the Engineering and Sales organizations of MCI Telecommunications and Loral Electronic Systems. Dr. Raciti holds a Ph.D. in Information Systems from Nova Southeastern University's School of Computer and Information Sciences, as well as an MBA in Finance and Marketing from Fordham University and a Bachelor of Electrical Engineering (BEE) from Manhattan College.
Ron Stevenson has 35 years of experience in the communications industry, including 12 years as vice president of Technology Advisory Services for GE's Global Media & Communications group. Prior to joining GE Commercial Finance, he held leadership positions in telecommunications management at the corporate headquarters of GE and PepsiCo, where he oversaw the development and operations of the companies' global voice, data and video networks. Mr. Stevenson is an engineering graduate of Fairleigh Dickinson University and holds an MBA from Sacred Heart University.
About GE Commercial Finance - Global Media & Communications
With $6.3 billion in assets, offices in Atlanta, Chicago, London, New York, Norwalk, San Francisco and resources in Asia-Pacific, GE Commercial Finance - Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the telecommunications, media, technology and entertainment marketplace. For more information, please visit gegmc.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $232 billion and is headquartered in Stamford, Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.
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