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Simonson Named Senior Vice President and Chief Financial Officer of Export-Import Bank of the United States

FOR IMMEDIATE RELEASE December 1, 2008

Media Contact Name/Phone: 

Phil Cogan, (202) 565-3200

WASHINGTON, D.C. --- John F. Simonson has been named senior vice president and chief financial officer of the Export-Import Bank of the United States (Ex-Im Bank).

John Simonson brings to the Ex-Im Bank a wealth of experience in financial management, said James H. Lambright, chairman and president of Ex-Im Bank. He is well-positioned to build on the decades long tradition of his predecessors for careful financial stewardship that is so critical to protecting taxpayers and supporting U.S. exporters and the jobs of their workers.

As senior vice president and chief financial officer of Ex-Im Bank, Simonson is responsible for leading all of the Bank's financial operations, including budget, treasury, internal audit, portfolio management, claims and recoveries, and credit restructurings. He is chairman of the Exposure Management Committee, advisor to the Audit Committee, and is a member of the Bank's Executive Management Committee.

John's twenty years of financial management experience includes executive positions with Bear Stearns and Goldman Sachs, where he was responsible for structuring, underwriting, restructuring, and risk management of a variety of loans and other credit products in national and international markets. His broad financial sector expertise includes transportation, automotive, power, industrials, and telecommunications. He previously served as Managing Director for Global Syndicated Finance at Chase/Chemical. He also served as Vice President of the Finance Division, responsible for bank-wide strategic planning, business reviews, and management reporting.

John received his undergraduate degree magna cum laude, Phi Beta Kappa from Rice University, majoring in mathematics and economics. He received his MBA from the University of Chicago, specializing in finance and international business, and has also studied at the London School of Economics.

Ex-Im Bank is the official export-credit agency of the United States. The independent, self-sustaining federal agency, now in its 74th year, helps create and maintain U.S. jobs by financing the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export-credit insurance and direct loans. In fiscal year 2007, Ex-Im Bank authorized $12.6 billion in financing to support an estimated $16 billion of U.S. exports worldwide. Eighty-six percent of nearly 2,400 transactions directly benefited small-business exporters. For more information visit www.exim.gov.