William Zadrozny Named President of Siemens Financial Services

Jan 10, 2000, 00:00 ET from Siemens Financial Services North America

    NEW YORK, Jan. 10 /PRNewswire/ -- Siemens Financial Services North America
 today announced that William T. Zadrozny, a highly respected expert in
 financing, leasing, operations and sales, has been named president.
     Mr. Zadrozny (54) was previously president and chief executive officer of
 Siemens Credit Corporation (Bridgewater, NJ), a unit of Siemens Financial
 Services responsible for supporting the leasing and financing requirements of
 Siemens operating companies in the U.S.
     Prior to that, beginning in 1985 when AT&T Capital Corporation
 (Morristown, NJ) was founded, Mr. Zadrozny held positions as the
 organization's head of Operations, Corporate Development and, in 1995, as
 president and chief operating officer of the Business Finance Division.
 During his 10-year tenure at AT&T, Mr. Zadrozny led profitable consolidations
 and divestitures, and organized efforts to increase profitability.  He was
 also responsible for the strategic planning and merger and acquisition efforts
 of the Company.
     Prior to AT&T, Mr. Zadrozny held vice president positions at First Chicago
 Credit Corporation (Chicago, Ill.), John Hancock Financial Services, Inc.
 (Boston, Mass.) and Chase Commercial Corporation (Canton, Mass.).   He began
 his management career in the financial services industry in 1966.
     Mr. Zadrozny received his B.A. in Economics from Queens College of the
 City University of New York in 1973, and an MBA from Babson College.  In 1989,
 he completed the Advanced Management Program at Harvard Business School.
 Mr. Zadrozny is a former faculty member of Northeastern University, where he
 lectured in finance from 1979 to 1983.  He has been a member of the board of
 the Foundation for Leasing Education and has served on numerous Equipment
 Leasing Association committees.
     Siemens Financial Services is an international financial services provider
 with a strong customer focus and more than 800 employees worldwide, offering
 customized financial solutions ranging from sales and investment financing to
 fund management.  As part of this organization, Siemens Credit Corporation
 provides equipment finance and leasing solutions, while Siemens Capital
 Corporation offers capital markets services such as currency and interest rate
 risk management.
     Siemens is an industry leader in telecommunications; energy and power;
 lighting and precision materials; industry and automation; and healthcare, and
 a key player in microelectronics and components; transportation; information
 systems and other products.  In fiscal 1999 (10/1/98 to 9/30/99), Siemens'
 U.S. businesses, with more than 64,000 employees, recorded sales of
 $14.8 billion.  Siemens AG, based in Berlin and Munich, is one of the world's
 largest electrical engineering and electronics companies and employs
 443,000 people worldwide in 193 countries.

SOURCE Siemens Financial Services North America