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Press Release

GE's Rail Services Unit Announces New Commercial Leadership Appointments; Todd Emro and Tim Schitter bring decades of industry experience to the growing Rail Services unit of GE

October 11, 2005

CHICAGO--(BUSINESS WIRE)--Oct. 11, 2005--GE today announced that Todd Emro has been named to lead all petrochemical sales and services activities associated with the company's Rail Services unit. Mr. Emro will be responsible for providing commercial leadership and driving customer loyalty programs for this growing segment of the business.

Mr. Emro will also be responsible for expanding Rail Services' presence throughout North America as well as providing value-added products and services to customers in North America. Prior to joining GE, Mr. Emro was Senior Vice President and Chief Commercial Officer of PLM Transportation Equipment Corporation, a full service operating lease company specializing in the North American tank car marketplace. Before joining PLM Transportation, Mr. Emro was Vice President and Managing Director, Fleet Management at GATX Rail, where he was responsible for overall fleet management responsibilities for the GATX North American rail operations. He holds a bachelor's degree in Organizational Management from Calumet College.

GE also announced the appointment of Tim Schitter as Strategic Account Manager for Rail Services in the Food, Agriculture & Mineral Segment. Mr. Schitter, based in Dallas, TX, will have overall responsibility for leasing sales and selling services in the food, agricultural, and mineral marketplace.

Prior to joining GE, Mr. Schitter was Senior Vice President of sales at Trinity Rail. Over the course of 17 years at Trinity Rail, Mr. Schitter became responsible for developing and directing the national sales force with respect to the sales and lease of railcars throughout the United States and Canada. Mr. Schitter also has sales management experience at Union Tank Car. He holds a bachelor's degree in Accounting from Indiana University.

"We are delighted to have Todd and Tim join our Rail Services team as we focus our business on growth," said Beth Klein, Executive Vice President of Global Sales & Services for Rail Services. "Both Todd and Tim bring with them a wealth of experience and an in-depth knowledge of this important industry, as well as a clear understanding of customer needs and market issues."

The Rail Services unit of GE serves customers in the petroleum and chemical industries with more than 185,000 railcars and related services, as well as a suite of financial products, including full-service and net leases. These full service and net leases provide some of the largest oil and gas companies across North and Central America with tailored services to meet individual customer requirements.

Contacts

GE Rail Services
Frank Mantero, 312-853-5557
Cell: 312-805-9167
[email protected]

Britta Kons
GE Healthcare Global Services
[email protected]
1-203-400-1892


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