CHICAGO, Sept. 20 /PRNewswire-FirstCall/?-- GATX Ventures today announced
that Robert D. Pomeroy, Jr., currently a senior vice president of GATX
Ventures, will become president of GATX Ventures on September 30. GATX
Ventures also announced that Gerald A. Michaud, currently a senior vice
president of GATX Ventures, will assume responsibility for all marketing
activities at GATX Ventures.
Mr. Pomeroy (51) and Mr. Michaud (49) joined GATX Ventures in 2000 from
Transamerica Technology Finance (TTF), where they co-founded and led the
development of TTF's venture lending business.
These announcements mark the final phase of a process by which James V.
Mitchell, the current president of GATX Ventures, and Lee F. Meier, a senior
vice president of GATX Ventures, have been transitioning management
responsibility to Mr. Pomeroy and Mr. Michaud. Mr. Mitchell and Mr. Meier
co-founded GATX Venture's predecessor company, Meier Mitchell & Co., in 1984
and began collaborating with GATX in 1987. Since that time, they have been
instrumental in developing GATX's domestic venture finance business and
building the foundation for future leadership through the recruitment of Mr.
Pomeroy and Mr. Michaud. Mr. Mitchell and Mr. Meier will be retiring from
GATX Ventures on September 30.
Jesse V. Crews, president of GATX Capital, stated, "We are very pleased to
have Rob and Jerry leading GATX Ventures. Their experience in the industry,
insights, and strategic capabilities will be critical to our future success in
this business. At the same time, I want to recognize Jim and Lee's
accomplishments. For fifteen years, they have been central to the success of
our venture finance business, building the business from a concept into an
industry leader. Their effort and commitment to GATX has been outstanding,
and we will continue to benefit from their vision in the years ahead."
COMPANY DESCRIPTION
GATX Ventures and GATX Capital are units of GATX Financial Corporation, a
wholly owned subsidiary of GATX Corporation (NYSE: GMT). GATX is a
specialized finance and leasing company. It uniquely combines asset knowledge
and services, structuring expertise, partnering and risk capital to provide
business solutions to customers and partners worldwide. GATX specializes in
railcar and locomotive leasing, aircraft operating leasing, information
technology leasing venture finance and diversified finance.
Investor, corporate information and press releases may be found at
http://www.gatx.com . A variety of current financial information, historical
financial information, press releases and photographs are available at this
site.
SOURCE GATX Corporation
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CONTACT:
Analysts and Investors, Robert C. Lyons of
GATX Corporation, +1-312-621-6633
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