Richard Laxer named GE Capital International CEO
General Electric Co. said Tuesday that Richard Laxer has been named chief executive officer of GE Capital International, effective Sept. 1. He succeeds Keith Sherin, CEO of GE Capital, who will retire Dec. 31 after 35 years with the company. Going forward, GE Capital will include three global businesses: GE Capital Aviation Services, GE Energy Financial Services and GE Industrial Finance. Laxer started his career with GE in 1984 and has held a number of leadership positions including CEO of GE Capital businesses around the world. GE shares are nearly flat in premarket trading, but up 24.6% for the last year. The S&P 500 Index is up 9.6% for the past 12 months.
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