DaimlerChrysler Services North America LLC Installs New Management Team at its Leveraged Leasing Unit
20 Septembre 2005 - 6:08PM
PR Newswire (US)
* Industry veteran James Stano is appointed President of Capital
Services FARMINGTON HILLS, Mich., Sept. 20 /PRNewswire-FirstCall/
-- DaimlerChrysler Services North America LLC has appointed James
E. Stano as President and Managing Director of the company's
Capital Services business unit. In this position, Stano is
responsible for managing all aspects of the company's complex and
diverse $4 billion leveraged lease portfolio. He reports to Paul E.
Knauss, Vice President and Chief Financial Officer of
DaimlerChrysler Services North America LLC. The DaimlerChrysler
Services Capital Services business unit is responsible for managing
a diverse portfolio of leveraged lease investments across a broad
range of industries, including aviation, rail, marine, and energy,
as well as investments in real estate and affordable housing. In
September, the operations will be moving from Norwalk, Conn. to
Farmington Hills, Mich. "Our objectives are to actively manage the
portfolio by selectively buying, selling and trading assets within
the portfolio to maximize the portfolio's value and return to
DaimlerChrysler Services," Stano said. "The team we have assembled
has the experience to achieve those objectives." Stano joins
DaimlerChrysler Services from Key Corporation's - Lease Advisory
Services, where he was a Vice President, responsible for arranging
leveraged lease transactions since 2004. Prior to that, he held a
series of increasingly responsible positions in Bank of America's
leasing business over a 15-year period, becoming the bank's
Managing Director of Structured Tax Products. Additionally,
DaimlerChrysler Services announced the appointments of Kenneth D.
Casper as Portfolio Director, and Gail L. Niemi as Aviation Manager
in its Capital Services unit. "We are fortunate to expand our
Capital Services team with professionals of the caliber and
experience of Jim Stano, Ken Casper and Gail Niemi," Knauss said.
"Their collective leveraged lease portfolio management experience
will help manage all aspects of this complex and diverse
portfolio." Casper has leasing industry experience in leading
managed portfolios, acquisitions, and structured financings in
rail, energy and aviation. Prior to joining DaimlerChrysler Capital
Services, he was Vice President - Corporate Finance for GATX
Corporation where he worked for six years. Additionally, he spent
12 years in increasingly responsible positions in finance and
accounting within Chevron Corporation. Niemi has extensive leasing
industry experience. Most recently, she was an aviation industry
consultant with Morten Beyer & Agnew. During her career, she
has held positions at Bank of America, D'Accord Financial Services,
GATX, and Rolls-Royce North America, where she was Vice President
of Sales Finance and Treasurer. Stano holds a Bachelor's degree in
Accounting from Wayne State University and a Master's in Business
Administration from Michigan State University. Casper holds both a
Bachelor's and a Master's of Business Administration from Brigham
Young University. Niemi holds a Bachelor of Science degree from
University of California - Davis. About DaimlerChrysler Services
North America LLC DaimlerChrysler Services North America LLC
provides brand-specific financing for automotive dealers'
inventories and their retail consumers and does business as
Chrysler Financial and Mercedes-Benz Credit. As DaimlerChrysler
Services Truck Finance it also finances commercial vehicles for
affiliate products such as Freightliner, Sterling and Western Star.
The company serves as the headquarters for the operations in the
United States, Canada, Mexico, South America and Puerto Rico and
has over 5,800 employees who manage a portfolio of more than $95
billion with nearly five million contracts. DaimlerChrysler
Services North America is a member of the DaimlerChrysler Financial
Services Group, headquartered in Berlin, Germany, which operates in
39 countries with an employee base exceeding 11,000 and a global
portfolio of $139 billion. DaimlerChrysler Financial Services is
one of the leading financial services companies worldwide.
DATASOURCE: DaimlerChrysler Services North America LLC CONTACT:
Jack Ferry, +1-248-427-3124, , or Amber Paauwe, +1-248-427-3126, ,
both of DaimlerChrysler Services North America LLC Web site:
http://www.daimlerchryslerservices.com/na
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