GE Names Keith Sherin Chairman And CEO Of GE Capital

GE Chairman and CEO Jeff Immelt announced on June 12 the appointment of Keith Sherin as Chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The appointments are effective July 1, 2013.

Sherin, 54, has been GE’s CFO for 14 years, and a Vice Chairman since 2007. He has been a Member of the GE Capital Board for 14 years and has been closely involved in the transformation of GE Capital into a more focused financial services business.

Sherin has been Senior Vice President and GE's CFO since 1998. He joined GE in 1981 through the GE Financial Management Program and has held senior financial positions in GE businesses including Aviation, Plastics, and Medical Systems. Sherin earned his B.A. from the University of Notre Dame and an M.B.A. from Columbia University.

Sherin succeeds Mike Neal, who is retiring after 34 years with GE in both Capital and Industrial businesses. Neal has been a GE Vice Chairman since 2005 and will continue in that role through the end of 2013 to help with the transition.

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