NORWALK, Conn.--(BUSINESS WIRE)--May 15, 2006--GE Commercial Finance today announced that it has expanded its Restructuring Finance team with the hire of Brent Hazzard as Managing Director.
In his new role, Hazzard will originate DIP, POR and out-of-court financing opportunities with turnaround and restructuring advisors located throughout the Northeast. Hazzard joins from GE - Bank Loans, where he served as a Senior Vice President on the distressed debt team.
"Brent is a valuable addition to our business development team," said Rob McMahon, Managing Director and team leader for Restructuring Finance. "His knowledge and expertise will be of great value to our customers, helping us to continue to grow this already successful platform."
GE's Restructuring Finance team has been a leading provider of debtor-in-possession and exit financing facilities to mid-sized and larger corporations over the last five years, and also provides financing solutions to support out-of-court turnarounds. In the first quarter of 2006, the group completed $2.3 billion in transactions, which has included deals with US Airways, Pliant, and J.L. French Automotive Castings.
Prior to joining GE - Bank Loans, Hazzard held sales management positions with GE - Business Credit. Before GE, Hazzard worked in various senior positions in risk management and sales at BankBoston, Fleet Bank, Shawmut Bank and Bank of New England.
Hazzard is an active member in the restructuring community, serving on the International Board of Directors for the Turnaround Management Association and is a member of the American Bankruptcy Institute. He earned a bachelor's degree in Business Administration from The University of Connecticut and an MBA from The University of Hartford.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $190 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.
Contacts
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340