NORWALK, Conn.--(BUSINESS WIRE)--April 15, 2004--GE Commercial Finance Global Media & Communications announced that it has named Peter J. Foley as Managing Director and Head of Origination. He previously served as Managing Director of the Global Media & Communications/Structured Finance group.
With over $6 billion in assets and offices in Atlanta, Chicago, Delhi, London, New York, Norwalk, and San Francisco, Global Media & Communications represents a "one-stop" source for the comprehensive range of GE lending and other structured finance services offered to the media, communications, and technology industries. Key segments include radio and television broadcasting, cable, entertainment, movie theatres, outdoor advertising, publishing, technology, towers, wireless, and wireline.
"Pete Foley brings to his position more than 15 years of experience financing companies in the media and telecommunications industries," said Robert Stefanowski, Business Leader for Global Media & Communications. "His deep corporate finance expertise and long-standing commitment to our industry sector will support superior leadership of our widening initiatives, market-wide, to provide clients with the most responsive, innovative, and efficient financing solutions."
Before joining GE in 1997, Mr. Foley was with Toronto Dominion Bank, which he joined in 1986. He began focusing on the cable TV and wireless sectors in the bank's Communications Finance Group two years later. From 1990 to 1993, he was senior credit officer for Toronto Dominion's European operations based in the U.K. On returning to the U.S. in 1993, he expanded his industry involvements to include the broadcast and towers sectors. With GE's Structured Finance group, Mr. Foley's primary focus was developing the group's telecom sector finance business.
He earned a B.S. in Management from Boston College.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $217 billion and is headquartered in Stamford, Connecticut. General Electric (NYSE: GE) is a diversified technology and services company dedicated to creating products that make life better.
--30--JTP/ny*
CONTACT:
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