NORWALK, Conn.--(BUSINESS WIRE)--Aug. 23, 2006--GE Commercial Finance today announced that it has promoted Tim Perusek to south region managing director for its Corporate Lending business. Perusek and his team of 28 corporate finance professionals will help GE continue to provide loans, leases and other customized financial solutions to mid-size and large companies in the southern U.S.
In his new position, Perusek will be responsible for originating and underwriting asset-based, cash flow and structured financing solutions uniquely suited for customers in Georgia, Florida, South Carolina, North Carolina, Tennessee, Alabama, Mississippi, Texas, Oklahoma, Arkansas and Louisiana. Perusek was recently a managing director and sales manager for the south region.
"Tim is a 17-year GE veteran who has built considerable industry relationships, and has consistently utilized his expertise to help our customers grow," said Thomas Quindlen, President and CEO, Corporate Lending. "In his new role, Tim's outstanding performance and leadership skills will help us continue to deliver smarter capital financing solutions to our customers in the south while providing GE with significant growth opportunities. As with our other region leaders, Tim will offer not only creative financing solutions but also industry expertise and 'Access GE,' a program that provides broad operational expertise as well."
Perusek has held numerous leadership positions at GE Commercial Finance and GE Capital. He received his Bachelor of Science degree in finance from the University of Florida.
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 includes a team of Industry Leaders supported by dedicated research analysts. These Industry Leaders who partner closely with Corporate Lending's regional sales force to build customized solutions in the following 10 key industries: Aerospace & Defense; Automotive & Automotive Parts; Chemicals & Plastics; Food, Beverage & Agriculture; Financial & Business Services, General Manufacturing; Paper, Packaging & Forest Products; Steel & Diversified Metals; Technology; 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 $14 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 $206 billion and is headquartered in Norwalk, 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 Corporate Lending, Norwalk
Jeffrey Wilson, 203-229-1887
[email protected]
or
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]
Britta Kons
GE Healthcare Global Services
[email protected]
1-203-400-1892