The Wall Street Journal reported, citing people familiar with the matter, that General Electric is evaluating potential successors to GE Capital chief Michael A. Neal, as the conglomerate prepares for a change at the top of what would by itself be the country’s fifth-largest commercial bank.
The Journal said that Neal, who has held the position of chairman and chief executive of GE Capital for eight years, is expected to step down as early as this summer.
The Journal notes that the move will be the first major leadership transition at GE Capital since the financial crisis upended its business and is another signal that the finance operation is now on more stable footing.
To read the Wall Street Journal story click here.
No tags available
This year, Cisco Capital celebrates its 20th anniversary. Amid the celebrations of reaching this considerable milestone, we reflected on the past two decades and recognized several insights into both the evolution of technology vendor finance and the technology industry as... read more
Do you remember where were you on April 10, 2015? If that date doesn’t ring any bells, here’s a reminder: That was the day Jeff Immelt, chairman and CEO of General Electric, announced that GE would be selling off most... read more