Thomas C. Gentile Named SVP Global Marketing for GE Money
STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 7, 2006--GE Money, the global consumer lending unit of General Electric Company, announced today the appointment of Thomas C. Gentile to Sr. Vice President, Global Marketing. Mr. Gentile will report directly to David R. Nissen, president and CEO of GE Money.
Gentile assumes his new role from GE Money's Australia and New Zealand business, where he has served as CEO since June 2002. During his tenure as CEO, GE Money's business in Australia and New Zealand has experienced strong double-digit growth, and expanded into new markets. With more than $26 billion in assets, and a 2005 net income of more than $300 million, GE Money is one of Australia's leading banking and financial services companies.
"Tom Gentile is one of GE Money's strongest, most innovative growth leaders," said Mr. Nissen. "Tom's market experience and his background make him ideally suited to lead our ongoing transformation into a world-class, direct-to-consumer marketing organization."
Gentile joined GE in 1997 from CBS Corporation, where he was Vice President, Strategy. At GE Money, he has held a variety of senior positions, including Six Sigma leader and president & CEO of GE Money-France. He earned a B.A. in Economics and an MBA from Harvard.
The Company said that Gentile would also retain his role as CEO of GE Money Australia & New Zealand until a successor is named, a decision expected shortly.
With $163 billion in assets, GE Money (formerly GE Consumer Finance), a unit of General Electric Company (NYSE: GE), is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Money, based in Stamford, Connecticut, offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.gemoney.com.
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 Web site at www.ge.com.
Contacts
GE Money Global Communications
Bob Rendine, 203-585-2084
[email protected]
OR
GE Money Australia New Zealand
Karen Donaldson, +61-3-9921-6857
Cristy Williams
[email protected]
678.518.2596