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MICHAEL J. PETRUCELLI, EX-IM BANK SENIOR VICE PRESIDENT, TO BECOME HOMELAND SECURITY DEPARTMENT OFFICIAL

FOR IMMEDIATE RELEASE March 17, 2003

Media Contact Name/Phone: 

Andrew Yarrow, 202.565.3200

The Export-Import Bank of the United States (Ex-Im Bank) announced the departure of Michael J. Petrucelli as senior vice president for operations and chief of staff this week, to become executive assistant director and chief of staff of the Bureau of Citizenship and Immigration Services (BCIS) of the Department of Homeland Security. Petrucelli, who was asked by the White House to join departing Ex-Im Bank Vice Chairman Eduardo Aguirre, acting director of this newly created bureau, brings extensive international business and senior managerial experience to this new bureau.

While I am sorry to lose Michael's management skills and international expertise, I know he will be a great addition to this newly formed team at Homeland Security, said Philip Merrill, chairman of Ex-Im Bank.

Petrucelli, who will become the second highest-ranking official in this new BCIS bureau, has served at Ex-Im Bank since June 2001. He is credited with helping design the Bank's 2002 reorganization, which has emphasized enhanced customer service and operational accountability.

Prior to joining Ex-Im Bank, Petrucelli worked on economic and business issues at the Federal Communications Commission (FCC) in both the Office of Commissioner Harold Furchtgott-Roth and the FCC's International Bureau. He also previously served as executive director of the U.S.-Thailand Business Council and director for Thailand, Burma and financial services at the U.S.-ASEAN Business Council.

As a U.S. Foreign Service officer from 1992 to 1996, Petrucelli was assigned to the U.S. Embassy in Bangkok, Thailand, the Bureau of Intelligence and Research in Washington, and the U.S. Consulate General in the Netherlands Antilles.

A graduate of Trinity College in Hartford, Conn., he holds a master's degree in business administration from Goizueta Business School, Emory University, and also studied international business in the MBA program at Nijenrode University in the Netherlands. Petrucelli and his wife Ami Susan live in Bethesda, Md.

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 guarantees, insurance, and loans. In fiscal year 2002, Ex-Im Bank supported nearly $13 billion of U.S. exports worldwide.