MISSISSAUGA, Ontario--(BUSINESS WIRE)--Sept. 13, 2004--Elyse Allan, 47, has been appointed President and CEO, GE Canada, succeeding Bob Gillespie who is retiring at the end of the year after more than 50 years of service with the Company.
Elyse began her GE career in 1984 as a Consultant with the Corporate Marketing Consulting Services in Bridgeport, CT. She moved to Canada in 1988 as Manager, Customer Service Program for GE Canada, and later served as Marketing Manager for the GE Commercial and Industrial business in Lighting. Elyse subsequently held a senior marketing role with Ontario Hydro and for the past several years has been President and Chief Executive Officer of the Toronto Board of Trade, where she has demonstrated outstanding leadership in turning that organization around financially and in terms of profile and impact.
"Elyse's leadership skills, commercial experience, and vast network both with private sector leaders and with various levels of government, position her well to make a very positive contribution to GE operations in Canada in the key role of National Executive and President and CEO GE Canada," said Nani Beccalli, President and CEO, GE Europe, the Middle East, Africa, Canada and Latin America. "In addition," he added, "I would like to take this opportunity to wish Bob Gillespie a long, healthy and certainly well deserved retirement. He has made an outstanding contribution to GE Canada over those many years and set an enviable standard of management excellence."
Elyse received a Bachelor of Arts degree (Biology & Environmental Studies) from Dartmouth College in Hanover, New Hampshire, and also subsequently, an MBA degree granted by the Amos Tuck School at Dartmouth. Elyse, husband Don and son Stuart reside in Toronto.
She will be assuming her new responsibilities effective October 4, 2004.
GE (NYSE:GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming, and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com.
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of GE. Forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. This presentation includes certain non-GAAP financial measures as defined under SEC rules. As required by SEC rules, we have provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in this press release.
--30--NR/ny*
CONTACT:
General Electric, Mississauga
Paul Jacot, 905-858-5678