Invest and Deliver - GE 2006 Annual Report Letter to InvestorsInvest and DeliverGovernanceCitizenshipFinancials
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Our People

What makes GE people different? Their thirst to learn and their ability to deliver as a team. The idea of teams is simple — but the reality of delivering as a team is not. It requires a culture that values the long view, harnesses change, takes risks, embraces mutual accountability and practices patience. None of this is easy in the competitive world of business. To stay sharp, GE invests $1 billion a year in training.

GE is known for its culture of management and learning, innovation and teamwork. New training courses such as the Leadership Innovation and Growth (LIG) program ensure that our most senior leaders never stop learning by engaging them in team-based training. The program’s team-centric approach cultivates a broad view of the business, expedites best-practice implementation and establishes shared accountability to create growth.


Phil Griffin, David Gregory, Lyne Pitts, Brian Williams, Al Roker, Steve Capus, Alex Wallace, Robert Dembo, Ann Curry

Pictured left to right
Phil Griffin, David Gregory, Lyne Pitts, Brian Williams, Al Roker, Steve Capus, Alex Wallace, Robert Dembo, Ann Curry

NBC Universal

NBC News has a heritage for innovation that spans decades. Given today’s complex environment, with news content available through an increasing number of media sources, NBC News is meeting this challenge by taking its senior talent through team training to strengthen growth strategies moving forward.

The results? A strategy that places the “Today” show 17 points ahead of its competitors, an 8% increase in viewership for MSNBC (the only cable news network to post gains in 2006), and the most honored newscast with “Nightly News” winning major awards in 2006 — including a Peabody, Edward R. Murrow, and DuPont, as well as two Emmys.

NBC Universal
Maryrose Sylvester, Rob McKeel, Steve Szamocki, Bill Estep, Rich Carpenter, Matt Hardt, Sheila Kester

Pictured left to right
Maryrose Sylvester, Rob McKeel, Steve Szamocki, Bill Estep, Rich Carpenter, Matt Hardt, Sheila Kester

Automation and Embedded Systems

2006 was a transformational year for Automation and Embedded Systems (GE Fanuc), a leader in industrial automation and productivity solutions.

Following a series of acquisitions, Automation and Embedded Systems is working as a team to align strategies and to inspire employees toward a unified vision. Training has enabled this team to accelerate action plans that leverage domain expertise to expand its global presence and increase new product introductions — growing annualized revenues by 50% in 2006.

GE Fanuc
Anne Kennelly Kratky, Nils Hallerstrom, Henry Hubschman, William Carpenter, Brandon Blaylock, Patty Kaye, Norman Liu, Jim Burke, David Lloyd, Brian Hayden, Dan Colao

Pictured left to right
Anne Kennelly Kratky, Nils Hallerstrom, Henry Hubschman, William Carpenter, Brandon Blaylock, Patty Kaye, Norman Liu, Jim Burke, David Lloyd, Brian Hayden, Dan Colao

Aviation Financial Services

With 1,419-owned and more than 300-managed aircraft leased to 230 airlines in 70 countries, the Aviation Financial Services (AFS) team, also known as GECAS, has the international presence and strong customer relationships to adapt swiftly to shifts in this dynamic market.

In 2006 this team demonstrated real results by using its expertise in remarketing and a strong global footprint to move aircraft to fast-growing regions of the world including China, India, Brazil and Russia. AFS has consistently delivered growth — growing assets from $30.5 billion in 2002 to $44 billion today.

GE Commercial Aviation Services
Ray Duggins, David Amble, Samira Barakat, Jim Colica, Bill Strittmatter

Pictured left to right
Ray Duggins, David Amble, Samira Barakat, Jim Colica, Bill Strittmatter

Risk Management

Managing risk in financial investing is an important core competency at GE — and by necessity, a team effort. As GE’s financial services activities have grown to $565 billion in assets spanning 55 countries, our risk management capabilities have also developed to foster and manage this growth. GE has dedicated and experienced risk management teams in every business and in every market that we serve.

Building on their 25 years of experience, our most senior professionals engaged in leadership training to challenge assumed expertise and to develop new ways of evaluating risk. In 2006, GE evaluated over $16 billion in acquisitions and over $70 billion of core organic growth.

Seating chart

See below for photo legend.

Corporate Executive Council

Led by Chairman and CEO Jeff Immelt, the Corporate Executive Council (CEC) knows what it means to invest and deliver for long-term growth. With an average of 20 years of global and multibusiness experience each, this team is helping GE to build the future.

Seating chart
  1. Michael E. Pralle
    President & Chief Executive
    Officer, Real Estate
  2. Keith S. Sherin
    Senior Vice President
    & Chief Financial Officer
  3. Lloyd G. Trotter
    Vice Chairman, GE and
    President & Chief Executive
    Officer, GE Industrial
  4. Shane Fitzsimons
    Vice President, Corporate
    Financial Planning & Analysis
  5. S. Omar Ishrak
    President & Chief Executive
    Officer, GE Healthcare,
    Clinical Systems
  6. William H. Cary
    President & Chief Executive
    Officer, GE Money, EMEA
  7. Deborah M. Reif
    President & Chief Executive
    Officer, Equipment Services
  8. John G. Rice
    Vice Chairman, GE and
    President & Chief Executive
    Officer, GE Infrastructure
  9. Joseph M. Hogan
    President & Chief Executive
    Officer, GE Healthcare
  10. Elizabeth J. Comstock
    President, Digital Media
    & Market Development,
    NBC Universal, Inc.
  11. Mark M. Little
    Senior Vice President,
    Global Research
  12. Brian B. Worrell
    Vice President,
    Corporate Audit Staff
  13. Claudi Santiago
    President & Chief Executive
    Officer, Oil & Gas
  14. Gary M. Reiner
    Senior Vice President
    & Chief Information Officer
  15. David R. Nissen
    President & Chief Executive
    Officer, GE Money
  16. Kathryn A. Cassidy
    Vice President & GE Treasurer
  17. Pamela Daley
    Senior Vice President,
    Corporate Business Development
  18. John F. Lynch
    Senior Vice President,
    Human Resources
  19. Ronald R. Pressman
    Senior Vice President
    & Chief Executive Officer,
    GE Asset Management
  20. Daniel S. Henson
    Vice President & Chief
    Marketing Officer
  21. Michael A. Neal
    Vice Chairman, GE and
    Chairman, GE Capital Services
 
  1. Ferdinando Beccalli-Falco
    President & Chief Executive
    Officer, International
  2. William J. Conaty
    Senior Vice President &
    Human Resources Advisor
  3. James P. Campbell
    President & Chief
    Executive Officer,
    Consumer & Industrial
  4. Yoshiaki Fujimori
    President & Chief Executive
    Officer, GE Money, Asia
  5. Jeff R. Garwood
    President & Chief Executive
    Officer, Water & Process
    Technologies
  6. Mark L. Vachon
    President & Chief Executive
    Officer, GE Healthcare,
    Diagnostic Imaging
  7. Mark W. Begor
    President & Chief Executive
    Officer, GE Money, Americas
  8. John Krenicki, Jr.
    President & Chief Executive
    Officer, Energy
  9. John M. Dineen
    President & Chief Executive
    Officer, Transportation
  10. Jeffrey R. Immelt
    Chairman of the Board &
    Chief Executive Officer
  11. Charlene T. Begley
    President & Chief Executive
    Officer, Plastics
  12. Richard A. Laxer
    President & Chief Executive
    Officer, Capital Solutions
  13. Daniel C. Janki
    Vice President, Corporate
    Investor Relations
  14. A. Louis Parker
    President & Chief Executive
    Officer, Security
  15. John M. Samuels
    Vice President
    & Senior Tax Counsel
  16. Jeffrey S. Bornstein
    Vice President & Chief
    Financial Officer,
    GE Commercial Finance
  17. Robert C. Wright
    Vice Chairman of the Board
    & Executive Officer, GE
  18. Brackett B. Denniston, III
    Senior Vice President
    & General Counsel
  19. Jeffrey A. Zucker
    President & Chief Executive
    Officer, NBC Universal, Inc.
  20. Scott C. Donnelly
    President & Chief Executive
    Officer, Aviation
  21. John J. Falconi
    Vice President
    & Chief Financial Officer, GE
    Infrastructure

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