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EX-IM BANK APPOINTS MICHAEL PETRUCELLI SENIOR VICE PRESIDENT OF OPERATIONS AND CHIEF OF STAFF

FOR IMMEDIATE RELEASE November 7, 2002

Media Contact Name/Phone: 

Marianna Ohe (202) 565-3200

The Export-Import Bank of the United States (Ex-Im Bank) today announced the appointment of Michael J. Petrucelli as senior vice president for operations and chief of staff. Petrucelli will be a focal point of Ex-Im Bank efforts to become more responsive to customers. His appointment is part of recent overall organizational changes designed to make Ex-Im Bank more customer driven and market focused.

Michael's excellent contributions at Ex-Im Bank and his extensive public and private sector experience make him an ideal candidate to exercise leadership in the Bank's effort to better serve U.S. exporters, said Ex-Im Bank Vice Chairman Eduardo Aguirre, Jr., in announcing the appointment.

Petrucelli will design and implement performance measures for the Bank's operational divisions, and coordinate activities among and across operational divisions in support of Bank-wide performance goals. He will be responsible for developing measures to increase Ex-Im Bank's productivity and to shorten the cycle time in providing loans, guarantees and insurance to customers.

Petrucelli previously was Ex-Im Bank vice president and chief of staff. Before joining Ex-Im Bank, he was executive director of the U.S.-Thailand Business Council, encouraging trade between the two countries. Prior to that he was director for Thailand, Burma and financial services at the U.S.-ASEAN Business Council, promoting U.S.-Asia trade relations.

As a U.S. State Department Foreign Service officer from 1991 to 1996, Petrucelli was assigned to the U.S. Embassy in Bangkok, Thailand, the Bureau of Intelligence & Research in Washington, D.C., and the U.S. Consulate General, Netherlands Antilles.

Petrucelli holds a master's degree in business administration from Goizueta Business School, Emory University, with concentrations in leadership and international business. He also received a bachelor of arts degree in political science from Trinity College in Hartford, CT.

Ex-Im Bank is an independent U.S. government agency that helps finance the sale of U.S. exports primarily to emerging markets throughout the world, by providing loans, guarantees, and insurance. Ex-Im Bank supported approximately $13 billion in U.S. exports in fiscal year 2002.