Stephen Velluto, Managing Director of Corporate Treasury at General Electric, has been elected President of the Commercial Paper Issuers Working Group (CPIWG), a not for profit representing the largest direct issuers of CP. Marian Trano Lepisto from Intesa SanPaolo is the new Vice President; Donna Cymbal of HSBC Finance the Treasurer; and Barry Gallogly of Caixa Geral the new Secretary.

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