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Peter Coutrakon Elected Vice President of Business Development at General American Transportation Corporation.

CHICAGO, March 23 /PRNewswire/ -- General American Transportation Corporation, the railcar leasing and management subsidiary of GATX Corporation (NYSE: GMT), has elected Peter Coutrakon as a vice president of Business Development. He will have a broad set of business development accountabilities including global strategic alliances, partnerships, and acquisitions consistent with General American's strategy of worldwide profitable growth and product redefinition. Additionally, he will support the business objectives of GATX Rail. GATX Rail combines the financial expertise of GATX Capital with the rail logistics and transportation expertise of General American Transportation Corporation.

"Peter brings us the skills, intensity, and values that will undoubtedly help us achieve our growth objectives outlined in our strategic plan," said Mike Clayton, senior vice president of Sales, Marketing, and Business Development for General American.

Coutrakon joins GATX with 25 years of experience, including 18 years at Citibank where he worked in various capacities. Subsequent to that he was at Sanwa Business Credit Corporation in commercial finance, ABN AMRO Chicago Corporation where he was originating asset backed securities, and most recently at Harris Trust and Savings Bank as a market manager responsible for new business development in the agribusiness sector. He has direct experience in railcar lease financing as well as a variety of merger and acquisition type activities in General American's traditional customer base. He also has broadly based experience in many aspects of corporate finance and capital markets. Peter graduated from Dartmouth College in 1974.

General American Transportation Corporation is one of North America's largest lessors of tank cars, freight cars and other specialty railcars. General American provides its customers with value adding services like internet-based information for customers, a network of railcar repair facilities, and a fleet of mobile railcar repair units.

GATX Corporation provides more than $6 billion of service-enhanced assets primarily used to help its customers transport, store or distribute their products and information. GATX's assets include railcars and locomotives, bulk liquid terminals and pipelines, commercial aircraft, ships, information technology equipment, warehouses and other capital assets and related services.

Investor, corporate information and press releases may be found at http://www.gatx.com. A variety of current financial information, historical financial information, press releases and photographs are available at this site. GATX press releases may be obtained by automated PR News Company News On-Call's automated fax service at 800-758-5804. The company identification number for GATX is 105121.
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Publication:PR Newswire
Geographic Code:1USA
Date:Mar 23, 1999
Words:394
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