GE Commercial Finance's Joseph F. Nemia Named President of the Commercial Finance Association

Business Wire, Feb 14, 2006

NORWALK, Conn. -- GE Commercial Finance - Corporate Lending today announced that Senior Managing Director Joseph F. Nemia has been elected as the new President of the Commercial Finance Association (CFA).

Founded in 1944, the CFA is the trade group of the asset-based financial services industry, with members throughout the U.S., Canada and around the world. Members include the asset-based lending arms of domestic and foreign commercial banks, small and large independent finance companies, floor plan financing organizations, factoring organizations and financing subsidiaries of major industrial corporations.

Mr. Nemia joined GE Commercial Finance in 1992 and has been instrumental in building its Corporate Lending arm into a leading North American provider of financial solutions for middle-market companies. During his tenure, Mr. Nemia delivered seven consecutive years of growth for the East Region while establishing Corporate Lending in key areas such as restructuring, retail, steel & diversified metals, automotive, transportation and the second lien market. Mr. Nemia was recently named head of Specialty Finance, where he will continue to lead Corporate Lending's restructuring, retail and transportation efforts while building new competencies in project finance and securitization.

"Joe has been a cornerstone of this business since its inception and is widely recognized as a growth leader within GE," said Tom Quindlen, president and CEO, GE Commercial Finance - Corporate Lending. "The CFA will continue to benefit, as we have, from Joe's deep industry knowledge and strong leadership style."

Mr. Nemia is a past recipient of the CFA "Instructor Award of Excellence" in recognition of his contributions to industry education. He has also served on the CFA's Executive Committee and Management Committee, as well as several CFA seminar and convention panels.

About GE Commercial Finance

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $232 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 customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.