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
Sales tax compliance can be a daunting task for any company to take on, but it is especially difficult for an equipment leasing company. Why? Because it is a complicated area made even more complex by the types of business... read more
The Equipment Leasing and Finance Association (ELFA) was established to provide its members with a forum for industry development, a platform to advocate for the industry and a resource for industry information. So when ELFA leadership started noticing more gray... read more