NORWALK, Conn.--(BUSINESS WIRE)--April 11, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Scott Webster as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the North American communications sector. Based in Norwalk, Mr. Webster will report to Peter J. Foley, managing director and head of origination, Global Media & Communications.
Mr. Webster has been with GE since 2000. Before taking on his current role, he was a senior vice president and risk/underwriting team leader responsible for a team of 22 underwriters and a portfolio of nearly $2 billion in assets of media and communications companies. Prior to joining GE, Mr. Webster served as vice president, media & telecommunications for MeesPierson Capital Corp. He began his career in 1993 with PNC Bank.
"Scott Webster has long been a valuable asset to Global Media & Communications, and we are confident that he will excel in his new capacity, " said Mr. Foley. "His significant industry relationships and rich understanding of the cable, wireless, wireline and tower sectors make him a perfect fit for the origination team."
Mr. Webster holds a B.S. in business administration from the University of Dayton and an MBA from the University of Pittsburgh.
About GE Commercial Finance Global Media & Communications
With over $5 billion in assets and offices in Atlanta, Chicago, Delhi, Hong Kong, London, New York, Norwalk, and San Francisco, Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the media, telecom, leisure & entertainment, and technology industries. www.gegmc.com. 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. General Electric (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's website at www.ge.com
Contacts
GE Commercial Finance
Ned Reynolds, 203-229-5717
or
TorranceCo
Jim Marren, 212-786-6133
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340