June 2007

Ronald Pressman named new president at GE Real Estate

GE Real Estate announced that Ronald Pressman has been named president and CEO.

A 27-year GE Veteran, Pressman was most recently, president and CEO of GE Asset. Management, a global investment business with approximately $197 billion in assets under management. Pressman held a variety of key financial roles early in his GE career and over the past 15 years, he has been CEO of a number of global GE businesses, including GE's Central and Eastern European operations, Power Systems (Europe), Real Estate, Employers Reinsurance, and Insurance Solutions. Pressman began his GE career in 1980 after graduating from Hamilton College.

Pressman is a proven industry leader and is highly regarded as a strategic thinker in the commercial finance industry. As a senior vice president of the company, he serves on GE's Corporate Executive Council and has been a member of the GE Capital Board since 2000.

He replaces Michael Pralle, who left the company to pursue other interests.

"Ron has made invaluable contributions to GE's success throughout his notable career and his broad-based experience across our company will enable us to achieve our strategic goals in an even more efficient and productive manner," said Michael A. Neal, vice chairman.

"Our Real Estate division is critically important to our overall business strategy. Ron's deep background in financial services and real estate, coupled with his global experience will be of great value as we continue to grow this business in the US and abroad."

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