GE Money - Auto Warranty Services
GE Named ‘America’s Most Admired Company’ in FORTUNE Magazine Survey, Retains Excellent Ratings by AM Best
LOCAL GE MONEY EMPLOYEES CELEBRATE RECOGNITION
DENVER, Colo. – April 11, 2007 – FORTUNE magazine announced in its March 12 issue that the General Electric Co. (NYSE:GE) is -- for the seventh time in the past decade -- “America’s Most Admired Company,” according to a survey of the country’s top business leaders. It’s a cause for celebration at GE Money’s Auto Warranty Services unit in Lakewood, Colorado.
GE Named ‘America’s Most Admired Company’ in FORTUNE Magazine Survey, Retains Excellent Ratings by AM Best
LOCAL GE MONEY EMPLOYEES CELEBRATE RECOGNITION
DENVER, Colo. – April 11, 2007 – FORTUNE magazine announced in its March 12 issue that the General Electric Co. (NYSE:GE) is -- for the seventh time in the past decade -- “America’s Most Admired Company,” according to a survey of the country’s top business leaders. It’s a cause for celebration at GE Money’s Auto Warranty Services unit in Lakewood, Colorado.
“As a service-oriented business, our employees are our biggest asset,” said Orlando Zayas, president of GE Money – Auto Warranty Services, a leading provider of vehicle service contracts. “This type of recognition is a true reflection of the hard work they do every day while helping us continue to grow as a leading financial services company.”
FORTUNE asked over 3,000 executives, directors and securities analysts to select the companies they admired most for the 2007 “Top 20” list. A total of 616 companies in 68 industries were surveyed over the fourth quarter of 2006.
According to FORTUNE, “For sheer adaptability over time, GE is hard to beat. Of the 12 companies Charles Dow chose to make up his original Dow Jones industrial average in 1896, GE is the only one still in the index. In the year of our first corporate-reputation survey, Jack Welch stepped into the CEO job, and he quickly set about remaking GE. Under current chief Jeffrey Immelt, the company has been reinventing itself all over again.”
In addition to the recognition by FORTUNE magazine, A.M. Best Company, a full-service credit rating organization dedicated to serving the financial services industries, recently renewed GE Money’s Auto Warranty Services unit’s “excellent” financial strength and issuer credit ratings. The excellent financial strength rating is assigned to insurance companies that A.M. Best deem to have a strong ability to meet ongoing obligations to policyholders. Issuer credit ratings are an independent opinion, based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. Such benchmarks are increasingly important to an international market that looks for a strong indication of stability in the face of widespread deregulation, mergers, acquisitions and other dynamic factors.
“It is an honor to be part of the AWS team,” said Shannon Tolbert, recently appointed vice president of sales for GE Money - Auto Warranty Services. “These awards and recognition are clear indicators that GE and Auto Warranty Services are organizations that consumers and businesses can trust day in and day out.”
About Auto Warranty Services and GE Money
Auto Warranty Services, based in Lakewood, Colo., is part of GE Money, formerly GE Consumer Finance. AWS provides more than 25 years of experience in the service contract industry, where they specialize in solutions for automotive, powersports and recreational vehicles. Dealers interested in learning more or enrolling in the GE AWS program can contact 1-800-234-2647, option 3.
With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 54 countries around the world. GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. More information can be found at www.gemoney.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
©2007 General Electric Company, All rights reserved.
FORTUNE asked over 3,000 executives, directors and securities analysts to select the companies they admired most for the 2007 “Top 20” list. A total of 616 companies in 68 industries were surveyed over the fourth quarter of 2006.
According to FORTUNE, “For sheer adaptability over time, GE is hard to beat. Of the 12 companies Charles Dow chose to make up his original Dow Jones industrial average in 1896, GE is the only one still in the index. In the year of our first corporate-reputation survey, Jack Welch stepped into the CEO job, and he quickly set about remaking GE. Under current chief Jeffrey Immelt, the company has been reinventing itself all over again.”
In addition to the recognition by FORTUNE magazine, A.M. Best Company, a full-service credit rating organization dedicated to serving the financial services industries, recently renewed GE Money’s Auto Warranty Services unit’s “excellent” financial strength and issuer credit ratings. The excellent financial strength rating is assigned to insurance companies that A.M. Best deem to have a strong ability to meet ongoing obligations to policyholders. Issuer credit ratings are an independent opinion, based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile. Such benchmarks are increasingly important to an international market that looks for a strong indication of stability in the face of widespread deregulation, mergers, acquisitions and other dynamic factors.
“It is an honor to be part of the AWS team,” said Shannon Tolbert, recently appointed vice president of sales for GE Money - Auto Warranty Services. “These awards and recognition are clear indicators that GE and Auto Warranty Services are organizations that consumers and businesses can trust day in and day out.”
About Auto Warranty Services and GE Money
Auto Warranty Services, based in Lakewood, Colo., is part of GE Money, formerly GE Consumer Finance. AWS provides more than 25 years of experience in the service contract industry, where they specialize in solutions for automotive, powersports and recreational vehicles. Dealers interested in learning more or enrolling in the GE AWS program can contact 1-800-234-2647, option 3.
With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 54 countries around the world. GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. More information can be found at www.gemoney.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
©2007 General Electric Company, All rights reserved.
