Mr. Bay has over 20 years of business management and legal experience. He began his career at Chase Manhattan Bank, N.A., and over the years, held key positions with Harter, Secrest & Emery LLP, and GE Commercial Finance. Most recently he was General Counsel and Secretary for GE Commercial Distribution Finance. He was also a member of their senior management team, providing strategic business and legal advice for their domestic and international operations. Walt received his BS degree from The College of Wooster and his JD from George Washington University. As part of the company's long term succession planning, Mr. Bay succeeds John C. Rosengren who, after 12 years as Vice President and General Counsel, will assist with the transition and continue with the company as a Corporate Vice President.