GE Names Three to Leadership Positions

Dan Janki to lead GE’s Treasury operation, Mark Begor to lead GE Energy Management and Alec Burger to lead GE Capital Real Estate

FAIRFIELD, Conn.--()--GE [NYSE:GE] Chairman and CEO Jeff Immelt announced today the appointment of Dan Janki to lead GE’s Treasury operations, succeeding Kathy Cassidy, who is retiring later this year after 35 years of service to GE. Mark Begor, who currently leads GE Capital’s Real Estate business, will succeed Janki as president & CEO of GE Energy Management. Alec Burger, currently the North America leader for GE Capital Real Estate, will succeed Mark Begor as president & CEO of GE Capital Real Estate. The CEO appointments are effective immediately and the formal Treasury transition will be effective by the end of April.

Janki, 45, has been president & CEO of GE Energy Management since 2012. In this role, he brought together a new GE business and refocused its product portfolio and business footprint. Janki began his career with GE in 1992 in the Financial Management Program and subsequently joined the GE Audit staff. He has held a number of senior finance positions within the Company, including CFO of GE Equity, CFO of GE Money-Americas, head of GE Investor Relations and CFO for GE Energy before leading Energy Management.

“With his leadership skills, financial expertise and knowledge of the company, Dan is the right person to succeed Kathy Cassidy as Treasurer,” Immelt said. “GE Treasury is responsible for global funding and liquidity, cash management and treasury services for all of GE's worldwide operations and Dan will be a strong leader for the team.”

Begor, 56, is a 33-year GE veteran and has been president & CEO of GE Capital Real Estate since 2011. He joined GE in 1980 on GE’s Financial Management Program and was a member of the GE Audit Staff. He has experience in both the Industrial and Capital businesses, including leadership roles at NBC. He held a number of leadership roles in GE Plastics, including the head of Global Sourcing and leader of GE Petrochemicals. He was also GE's head of Investor Relations. In 2002, Begor joined GE Capital as CEO of Retail Finance where he doubled the business during his nine years as CEO.

“Mark has led a terrific turnaround at GE Real Estate, returning the business to profitability ahead of plan and growing its lending volume,” Immelt said. “His broad operating experience and focus will be a real asset in Energy Management as they develop advanced technology solutions to help solve the efficiency challenges of our energy partners.”

Burger, 50, will succeed Begor as president & CEO of GE Capital Real Estate. A 23-year GE veteran, Burger is president of GE Capital Real Estate’s North America division. He is responsible for commercial real estate lending and investing throughout the U.S., Mexico and Canada. Prior to his current role, he was managing director of GE Capital Real Estate United Kingdom and quality leader at GE Capital Solutions. Prior to joining GE’s Corporate Business Development division in 1991, Alec worked for Bain and Company.

“Alec is the right leader to take over GE Capital Real Estate as we continue to increase lending volume in this valuable Real Estate debt franchise and shrink its equity book,” said Immelt.

Kathy Cassidy, 60, will retire later this year after successfully leading GE’s Treasury operation since 2001. She will support Janki’s assimilation into the Treasury leadership role and will continue to manage the Treasury aspects of the Synchrony Financial IPO slated for this summer.

“Kathy has been a strong leader of this team and is highly regarded inside the company and in financial markets,” Immelt said. “GE has always been able to count on Kathy, and I want to thank her for her service to our Company.”

About GE

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Contacts

Media:
GE
Seth Martin, 203-572-3567
seth.martin@ge.com
or
GE Capital
Russell Wilkerson, 203-840-6420
Russell.Wilkerson@ge.com
or
GE Energy Management
Jason Anthoine, 678-844-5407
Jason.Anthoine@ge.com
or
GE Capital Real Estate
Patrick Brennan, 203-750-3335
Patrick.Brennan@ge.com

Contacts

Media:
GE
Seth Martin, 203-572-3567
seth.martin@ge.com
or
GE Capital
Russell Wilkerson, 203-840-6420
Russell.Wilkerson@ge.com
or
GE Energy Management
Jason Anthoine, 678-844-5407
Jason.Anthoine@ge.com
or
GE Capital Real Estate
Patrick Brennan, 203-750-3335
Patrick.Brennan@ge.com