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GE Capital names Steve Sargent to head Asia Pacific

Posted on: Tue, 24 Nov 2009 03:23:00 EST

Symbols: GE

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Nov 24, 2009 (M2 EQUITYBITES via COMTEX) --
GE | Quote | Chart | News | PowerRating -- GE Capital, the financial services segment of the General Electric
Company (NYSE:GE), has appointed Steve Sargent as president and CEO of
GE Capital's business operations in Asia Pacific.

GE said on Monday that in his new role Sargent will oversee operations
for GE Capital in Asia Pacific, which is headquartered in Tokyo, Japan.

Sargent succeeds John Flannery, who has been promoted to run GE's
operations in India.

Sargent, who has over 30 years of global financial services experience,
is currently president and CEO of GE for Australia and New Zealand
(ANZ) and president and CEO of GE Capital for Australia and New
Zealand.

The company said that Sargent will continue heading GE Capital ANZ
until a replacement is named and will remain national executive for GE
ANZ along with his new Asia Pacific role.

Prior to his current role, Sargent held a number of senior finance,
sales and quality positions in GE Capital, including president and CEO
of GE European Equipment Finance.

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