IRS News Release  
June 03, 2003

Petrella Named Director of
Heavy Manufacturing and Transportation

WASHINGTON - The Internal Revenue Service announced today the selection of John Petrella Jr. as Industry Director of Heavy Manufacturing and Transportation, Large and Mid-Size Business Division.

As director, Petrella will oversee the operations of a unit that serves 52,840 taxpayers in the air and ground transportation, aerospace, motor vehicle, shipping and real estate industries. This Large and Mid-Size Business Division (LMSB) unit is headquartered in Iselin, New Jersey.

“John Petrella brings a wealth of experience to the heavy manufacturing and transportation industries,” said Deborah M. Nolan, Commissioner of Large and Mid-Size Business. “He has worked closely with numerous industries and has also served as a senior executive at headquarters where he was responsible for designing, developing and implementing alternative tools for dispute resolution between industry taxpayers and the IRS.”

Prior to today´s appointment, Petrella served as Industry Director of Financial Services in Manhattan, New York.

Petrella holds a Bachelor of Science in Accounting from the University of Rhode Island, a Master of Business Administration from Providence College and a Master of Taxation from Bryant College. He succeeds Thomas J. Smith who recently retired.

LMSB serves the needs of corporations, subchapter S corporations and partnerships with assets greater than $10 million. Many of these firms operate internationally and face a range of complex issues involving the interpretation of tax law, accounting rules and other regulations.

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