Textron Financial: Newsroom: Press Release


		Overview \| Newsroom\| Press Release

Textron Financial Corporation Names John Reed Division President of its Technology Finance Division

Providence, RI - January 25, 2002 - Textron Financial Corporation ("Textron Financial") has named John Reed Division President of its Technology Finance Division, based in North Wales, Pennsylvania.

Mr. Reed joined Textron Financial in 2001 as Division Manager when the company acquired certain assets and business operations from Finova Capital Corporation. Prior to joining Textron Financial, Mr. Reed held various positions of increasing responsibility at Finova. During that time he gained a reputation as a leader in developing finance solutions for the technology distribution industry.

"John's tremendous energy and leadership have helped Textron Financial become one of the leading providers of technology financing in the small/midsize business marketplace," remarked Jerry Britton, Group President at Textron Financial.

About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with $9.1 billion in managed receivables and twenty-two years of record earnings. It has core operations in four segments: aircraft finance, revolving credit, specialty finance, and structured capital. Textron Financial's other services and products include transaction syndication, equipment appraisal and disposition, portfolio servicing, and insurance brokerage. Additional information about the company is available at www.tfc.textron.com.

About Textron Inc.
Textron Inc. (NYSE: TXT) is a $12 billion multi-industry company with more than 51,000 employees in 40 countries. The company leverages its global network of businesses to provide customers with innovative solutions and services in industries such as aircraft, industrial products and components, fastening systems and finance. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.