Textron Financial: Newsroom: Press Release


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Textron Financial Corporation Names B.J. Carter President and Chief Operating Officer

Providence, RI - January 9, 2002 - Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT), has named Buell J. Carter Jr. ("Jay") President, in addition to his current responsibilities as Chief Operating Officer.

Mr. Carter joined Textron Financial in 1990 and has held several senior management positions at the company including Vice President and Division Manager of the former Asset Based Lending Division and Senior Vice President of Operations. In 1999, Mr. Carter was promoted to Executive Vice President and Chief Operating Officer, giving him operational oversight for all of Textron Financial's lending divisions.

"Building on his 27 years of experience in commercial lending, nearly half of which have been with Textron Financial, Jay has tirelessly managed the operations of our company during the most challenging period in our history," remarked Stephen A. Giliotti, Textron Financial Corporation Chairman and Chief Executive Officer. "I am confident that he will continue to be a significant contributor to Textron Financial's future success," Mr. Giliotti continued.

Prior to joining Textron Financial, Mr. Carter held management positions at ITT Capital Finance, Chase Manhattan Bank, and Westinghouse Credit Corporation. He earned a Bachelor of Science degree with honors in physics from the University of Louisville, Louisville, KY.

About Textron Financial
Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market companies, and financial services that include asset management, syndications, portfolio servicing, and insurance brokerage. Textron Financial also provides specialty finance for the golf, franchise, and timeshare industries. Additional information about the company is available at www.tfc.textron.com.

About Textron Inc.
Textron Inc. (NYSE:TXT) is a $13 billion, global, multi-industry company with market-leading businesses in Aircraft, Automotive, Fastening Systems, Industrial Products, and Finance. Textron has a workforce of over 68,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies." Additional information is available on www.textron.com.