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GE Capital International CEO Sherin to Retire; Successor Named (GE)

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Keith S. Sherin to Retire from GE after 35 Years of Service; Richard A. Laxer to Lead GE Capital

August 30, 2016 8:45 AM EDT

BOSTON--(BUSINESS WIRE)-- GE announced today that Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective December 31, 2016.

Keith Sherin, 57, led the successful transformation of GE Capital into a smaller, more focused company after a career in business leadership positions across GE, including 15 years as GE Chief Financial Officer. Richard Laxer, 55, started his career in GEs Financial Management Program in 1984 and has held leadership positions in Finance and later as... More