NORWALK, Conn.--(BUSINESS WIRE)--May 12, 2005--GE Commercial Finance, Commercial & Industrial Finance (CIF) today announced the appointment of Allan Wieman as Industry Leader for the paper, packaging, printing and forest products marketplace.
In this role, Wieman will be responsible for driving growth across these target industries where CIF has successfully invested more than $1.8 billion over the past 25 years, predominantly through senior debt and lease transactions. He will report to Craig Reynolds, Senior Managing Director, Commercial & Industrial Finance.
"Allan's proven track record structuring highly complex transactions and in-depth knowledge of the issues impacting the paper and packaging marketplace make him an excellent match for this position," said Reynolds. "As part of CIF's Industry Leadership team, Allan will work closely with our sales force to provide customers with the research-driven, industry-specific financing solutions they need to grow their business."
Wieman joined GE in 1989 as a member of its container leasing division, moving to the structured finance business in 1994. Since 2002, he has led CIF's efforts in the pulp, paper and forest products markets, developing new deal structures and products to meet the financing needs of CIF's customers.
Prior to joining GE, Wieman was a consultant with McKinsey & Company.
Wieman has a BA from Princeton University and an MBA from the University of Chicago.
About GE Commercial Finance, Commercial & Industrial Finance
Commercial & Industrial Finance (CIF), a unit of GE Commercial Finance, is a premier global provider of structured financing solutions to the commercial and industrial marketplace. CIF provides innovative financing solutions for a broad array of customer needs including recapitalization, equipment leasing, and growth capital. With over $9 billion in served assets, Commercial & Industrial Finance has the expertise and funding capability to deliver exceptional financing solutions.
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of more than US$230 billion and is headquartered in Stamford, Conn., USA.
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 www.ge.com.
Contacts
GE Commercial Finance
Commercial & Industrial Finance
Ellen Mann, 203-229-1915
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340