Will Take Over Role from Retiring GE Capital Veteran Colica
Norwalk, Conn., July 1, 2010 -- GE Capital announced today the hiring of Ryan Zanin as its new chief risk officer. Zanin, 47, has 25 plus years of industry experience and will take over for Jim Colica, 62, who is retiring after 27 years of distinguished service.
"GE Capital's business model is defined by strong risk management," GE Capital Chairman and CEO Mike Neal said. "The hiring of Ryan Zanin is another demonstration of our commitment to excellence. He is a proven risk manager with a global perspective and broad functional experience. He has served in increasingly more senior roles in a number of leading financial services businesses. Ryan is an ideal candidate to lead our Risk function in this new environment.
"Ryan is taking over for a true GE Capital leader, Jim Colica. Jim has served this organization with distinction for almost 30 years, always with unyielding integrity. His commitment to GE Capital and its employees runs very deep. He helped this business manage through the financial crisis and has positioned us well for the future. On behalf of the Company, I want to thank Jim for his many contributions as a business leader and colleague," Neal said.
Zanin joins GE Capital after over 25 years in the financial services industry, specializing in risk management. Most recently, he was the managing director and chief risk officer for corporate credit and risk management in the international and capital markets at Wells Fargo & Company. He also served as the managing director and chief risk officer in corporate & investment bank at Wachovia Corporation, a Wells Fargo Company.
Prior to Wells Fargo, Zanin spent 14 years in senior leadership roles across Deutsche Bank, AG, including managing director and chief credit officer of global leveraged, structured and real estate finance at corporate and investment bank, and managing director and deputy head of loan exposure management as well as managing director of leverage finance at corporate & investment bank.
Zanin is a Chartered Financial Analyst and graduated from the Institute of Canadian Bankers and Canadian Securities Institute.
About GE Capital:
GE Capital is one of the world's largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, retail sales finance programs, home, car and personal loans and credit insurance. For more information, visit gecapital.com or follow company news via Twitter (@GECapitalNews).
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Russell Wilkerson
GE Capital Managing Director of Communications and Public Affairs
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