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Keith Sherin chairman and CEO of GE Capital

Staff writer |
Fairfield, Conn., USA - June 13, 2013, Fairfield, Conn., USA - General Electric announced the appointment of Keith Sherin as chairman and CEO of GE Capital, effective July 1, 2013.

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Mr. Sherin 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. Mr. 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. Mr. Sherin earned his B.A. from the University of Notre Dame and an M.B.A. from Columbia University.

He succeeds Mike Neal, who is retiring after 34 years with GE in both Capital and Industrial businesses.

Mr. 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. Mr. Neal joined GE in 1979, working on the Company's industrial side. In 1987, he was named Vice President and General Manager of Vendor Financial Services. Three years later, he became General Manager of GE Commercial Equipment Financing (CEF).

Mr. Neal served as GE Capital Executive Vice President from 1994 to 1999. In 2000, he was named GE Capital's President and Chief Operating Officer. In 2002, Mr. Neal became President and CEO of GE Commercial Finance and President of GE Capital Services. Three years later, he was named a Vice Chairman of General Electric Company and Chairman of GE Capital Corporation. Mr. Neal is a graduate of the Georgia Institute of Technology.

GE also announced that GE Capital CFO Jeff Bornstein will succeed Mr. Sherin as CFO of GE.

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