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.
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