Jamie Foley Named CFO, Elected Vice President of Foley Inc.

Wed July 14, 2004 - Northeast Edition

Kim Foley, president and CEO of Foley Inc., recently announced the retirement of Ferris Van Dien and the promotion of Jamie Foley to chief financial officer and election to vice president.

Van Dien began his career at Foley in 1987 as controller after a 25-year career in finance with Warner Lambert and International Paint Company. In 1991, Van Dien was promoted to chief financial officer and in 1993, he was elected vice president of finance. As CFO, Van Dien had responsibility for all financial matters during a time of unprecedented growth, when the dealership more than doubled in size. “Ferris’ expertise in strategic planning, accounting and business analysis contributed greatly to the long-term success of the dealership. He not only guided the company’s financial decisions for almost 20 years, but also played a significant role in mentoring Jamie Foley during his career development,” Kim Foley.

Jamie Foley began his career at Foley in 1999, when he assumed the role of administrative sales manager. In 2001, he was promoted to marketing manager and then general manager of the Foley Rents division.

During his time as general manager overseeing both the Monroe Township and Piscataway rental facilities, Foley raised awareness of the Foley Rents allied equipment fleet and increased the sales and rentals of Caterpillar compact equipment, increasing the profitability of the division.

In January 2003, Foley was promoted to corporate asset manager. While in this role, he implemented new systems and procedures to maximize the productivity and financial utilization of all corporate inventories.

In his new role as vice president and CFO, Foley will be responsible for all financial matters for the organization.