Mr. Dammerman is Vice Chairman of the Board and Executive Officer of GE, and a member of the Corporate Executive Office. He is also Chairman of GE Capital Services. He was named to this position in December 1998.

Mr. Dammerman had been Senior Vice President-Finance and Chief Financial Officer of General Electric Company since March 1984. He was elected to the Board of Directors of GE in December 1994, and has been a Director of GE Capital Services for 16 years.

In 1998, CFO magazine awarded Mr. Dammerman the first-ever "Lifetime Achievement Award for CFO Excellence," noting that the award recognizes "someone who, over the course of his tenure has effectively changed the perception of what finance is and what it can be, and who is universally respected and admired by his peers."

Mr. Dammerman joined General Electric on the Financial Management Program at GE Appliances in 1967 after graduating from the University of Dubuque. He subsequently held positions with the Corporate Audit Staff and GE Lighting. In 1976, he joined GE Capital Services as Manager - Corporate Financial Analysis; in 1978, he was named Manager - Operations Analysis for GE's Consumer Products businesses.

He returned to GE Capital Services in 1979 as Vice President and Comptroller and was named Vice President and General Manager of the Commercial Financial Services Department in March 1981. Later that year, he was named Vice President and General Manager of the Real Estate Financial Services Division.

In June 1994, Mr. Dammerman was named Chairman and Chief Executive Officer of Kidder, Peabody Group, Inc. while retaining his position as CFO of GE. In 1995, with the sale of Kidder, Peabody to PaineWebber, he returned full-time to his CFO position.