Article: FINOVA Reorganizes Businesses Into Three Operating Groups, Promotes Five Key Individuals to Executive Vice President

PHOENIX, Oct. 13 /PRNewswire/ -- The FINOVA Group Inc. (NYSE: FNV) today announced a reorganization that more strategically aligns the company's core commercial lending operations and its recently acquired commercial mortgage banking business and appointed five individuals to key executive vice president positions.

Effective immediately, FINOVA's various businesses will be consolidated into three new operating segments:

-- The Commercial Finance Group, which comprises FINOVA's asset-based lending businesses such as Asset-Based Finance, Corporate Finance, Factoring Services, Inventory Finance and Rediscount Finance, reports to Executive Vice ...

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