GE Money has promoted the CEO of its Australia and New Zealand business to head its worldwide marketing. Thomas Gentile, a nine-year GE veteran who also formerly headed GE Money in France, has been named SVP/Global Marketing. During his tenure in Australia, Gentile generated double-digit growth creating $26 billion in assets, and an annual net income of more than $300 million. A new CEO of GE Money Australia and New Zealand will be named shortly. Last month GE Money reported a global profit of $880 million on revenues of $5.3 billion for the second quarter. For complete details on GE’s second quarter performance, visit CardData (www.carddata.com).
GE CONSUMER FINANCIAL TRACK RECORD
2Q/05: $735 million $4928 million
3Q/05: $810 million $4913 million
4Q/05: $770 million $4886 million
1Q/06: $836 million $5090 million
2Q/06: $880 million $5268 million
Source: CardData (www.carddata.com