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GE Announces Managerial Changes

BOSTON — GE recently made several managerial changes. Alex Dimitrief has been named the new Senior Vice President and President & CEO for the Global Growth Organization (GGO), succeeding retiring John Rice. Alec Burger has been named the President of GE Capital, succeeding retiring Richard Laxer.

Alex Dimitrief
Alex Dimitrief

Alex Dimitrief, general counsel for GE, has been named the new Senior Vice President and President & CEO for the Global Growth Organization (GGO), reporting to GE Chairman and CEO John Flannery.

John Rice
John Rice

Dimitrief succeeds John Rice, GE vice chairman, who announced his retirement from GE earlier this year. Under John Rice’s leadership GE expanded its global footprint to doing business in about 180 countries and doubled the number of global leaders in the executive ranks. GGO works across GE’s portfolio on market scanning, commercial support, brand and talent management and culture.

John Flannery, chairman and CEO of GE, said, “Alex’s understanding of geo-political risk management, broad appreciation of GE’s businesses and excellent negotiation skills make him the right person to take this important role. He is an important member of the GE leadership team and has been a tremendous asset to me during my time as CEO.”

Dimitrief joined GE in 2007 after more than 20 years as a trial lawyer in Chicago and New York. In his nearly 11 years at GE he has served as Vice President for Litigation & Legal Policy; Vice President & General Counsel of GE Energy and Senior Vice President & General Counsel of GE Capital before becoming the General Counsel for the Company in 2015. Dimitrief was a White House Fellow in U.S. President Reagan’s Office of Political and Intergovernmental Affairs and an Honors Intern at the Department of Justice. He graduated from Yale College with a B.A. in Economics & Political Science and earned his J.D. at Harvard Law School.

Dimitrief will continue to also serve as the General Counsel for GE until his replacement is named.

GE also announced that Alec Burger, president and CEO of GECAS, has been named the President of GE Capital, reporting to GE CFO Jamie Miller effective January 2, 2018.

Alec Burger
Alec Burger

Burger succeeds Richard Laxer, who will retire from GE on March 31, 2018, after 33 years at the company.  Starting in the company’s financial management leadership program in 1984, Laxer grew to lead many GE Capital businesses in the US, then in Asia, and Europe. During his time as chairman and CEO of GE Capital, Laxer has pivoted the business to align with GE’s industrial businesses and customers.

John Flannery, chairman and CEO of GE, said, “Rich has been a dedicated and respected member of GE’s leadership team with a strong track record of driving growth and delivering results.  He has built strong, customer and investor focused teams. We are grateful for his service to the company.”

Richard Laxer
Richard Laxer

Rich Laxer, chairman and CEO of GE Capital, said, “I am incredibly grateful to have spent more than 33 years with this great company, and I am deeply honored to have had the opportunity to lead GE Capital. Alec and I have worked together for more than 20 years. He is a strong partner, a great leader, and the right person to take Capital forward.”

Burger joined GE in 1991 and was named a GE officer in 2007. He has built GE Capital’s businesses in both North America and Europe, holding key leadership and business development roles, and leading several major strategic real estate acquisitions.  During his last two years at GECAS, the business has performed at record levels. He previously served as President and CEO of GE Capital Real Estate, where he oversaw the unit’s $38 billion portfolio. Alec led the Real Estate team through its strategic disposition, which was the first big deal in the successful transformation of GE Capital.

Jamie Miller, CFO of GE, said, “Alec has been with GE for 26 years and has a proven record of growing businesses and talent, globally. He will bring this experience to the entire GE Capital portfolio to deliver for our customers and shareholders.”

Burger will continue to also serve as the President and CEO of GECAS.

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