NORWALK, Conn.--(BUSINESS WIRE)--July 11, 2006--GE Commercial Finance today announced the appointment of Stephen Pierson as senior vice president industry leader of aerospace and defense for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the aerospace and defense sector. Stephen is based out of the Norwalk, Conn., office.
Stephen brings to GE Corporate Lending more than 20 years of experience in risk management and origination and extensive knowledge of the corporate and commercial aviation market, domestically and internationally. Most recently, he served as Risk Manager for aircraft engines at GE Infrastructure and prior to that, he held origination roles at GE Commercial Aircraft Services and the Corporate Aircraft Group at GE Capital Solutions. He also held positions at Wells Fargo Bank, Lockheed Finance and GATX Capital.
"Steve's extensive aerospace background coupled with his financial services experience further enhances our expertise in this important sector," said Craig Reynolds, Industry Group Leader at GE Corporate Lending. "The addition of Steve to the team demonstrates our commitment to provide creative and flexible financial solutions to our aerospace and defense client-base."
Stephen received his BS from California State University and his MBA from Monterey Institute of International Studies.
Industry Specialization
Corporate Lending is using a more industry-based marketing approach, launched earlier this year, to better tailor solutions to the unique requirements of customers.
The initiative is led by Craig Reynolds, senior managing director, and includes a team of Industry Leaders supported by dedicated research analysts. Steve Pierson is joined by eight other Industry Leaders who partner closely with Corporate Lending's regional sales force to build customized solutions in the following nine key industries: Aerospace & Defense; Automotive & Automotive Parts; Chemicals & Plastics; Food, Beverage & Agriculture; Financial & Business Services, General Manufacturing; Paper, Packaging & Forest Products; Steel & Diversified Metals; and Transportation & Construction. The industry-aligned approach also builds on Corporate Lending's experience as a leading provider of financial solutions for the retail industry and for companies in need of turnaround and restructuring finance.
About GE Corporate Lending
With $15 billion in assets, GE Commercial Finance Corporate Lending is one of North America's largest providers of asset-based, cash flow and structured finance solutions for mid-size and large companies. From over 40 offices throughout the U.S. and Canada, Corporate Lending specializes in serving the unique needs of borrowers seeking $10 million to $1 billion and more for working capital, growth, acquisitions, project finance and turnarounds. Visit gelending.com for more information.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $230 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. GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.
Contacts
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]
or
GE Corporate Lending, Norwalk
Jeffrey Wilson, 203-229-1887
[email protected]
or
CJP Communications
Lauren Carmody, 203-378-1152, ext. 106
[email protected]
Britta Kons
GE Healthcare Global Services
[email protected]
1-203-400-1892