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Keith S. Sherin to retire from GE after 35 years, successor named

Richard A LaxerGE announced that Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO.

Mr. Laxer started his career in GE’s Financial Management Program in 1984 and has held leadership positions in Finance and later as CEO of major GE Capital businesses around the globe.

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He has been the leader of GE Capital’s international operations since 2009 and has been named a senior vice president of GE.

Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective December 31, 2016.

Mr. Sherin first joined GE in 1981 through the GE Financial Management Program in Medium Steam Turbine. After three years he joined the Corporate Audit Staff where he progressed to executive audit manager and later manager of Programs and Planning.

Mr. Sherin was promoted to manager of Finance for Commercial Engine Operations at GE Aircraft Engines in early 1992, and the following year he was named director of finance for GE Plastics Europe in Bergen op Zoom, the Netherlands.

In the fall of 1995, Mr. Sherin joined GE Medical Systems as manager of Global Finance and Financial Services, and less than a year later he was promoted to vice president of Finance and Financial Services Operation. He was named vice president and GE's chief financial officer in 1998.

Mr. Sherin earned his B.A. from the University of Notre Dame and an M.B.A. from Columbia University.




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