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Press Release

GE top exec in PH to strengthen, explore nationwide development partnership

June 29, 2011

John Rice

GE Vice Chairman and President and CEO of Global Growth and Operations John Rice was in the Philippines for a two day visit as part of his ASEAN tour to further strengthen GE partnership nationwide developments, banking on the strength of GE's innovative technology and services.

With more than 30 years of achievement filled career in GE, 54 years old Rice was named by GE Chairman Jeffrey Immelt to head the company's growth outside the United States in January this year, with focus on GE ASEAN markets that include the Philippines, Cambodia, Indonesia, Malaysia, Singapore, Thailand and Vietnam; as well as high growth markets China, India, Brazil and the Middle east. His latest appointment as President and CEO of Global Growth & Operations was driven by global recognition and the respect he enjoys from business and government leaders, a crucial factor in the success of GE's focused goal on global development. Before taking on the leadership of GE's global growth division, Rice was GE Vice Chairman since 2005 and President and CEO if GE Technology Infrastructure division in 2007. For his Philippine visit, Rice would leverage on the role of GE as development partner of the Philippines that began in 1890 and incorporated in 1935.

In the Philippines, Rice met with top level business leaders not only to deepen existing partnerships but to further explore growth opportunities where GE technology and services can be utilized, particularly in the areas of infrastructure, healthcare, power and energy, capital and other industries. His itinerary was in line with GE's strategy of strong presence and relevance of ASEAN using a combination of GE designed projects and the expertise of local teams to execute the company's growth plans.

"GE businesses in the Philippines remain strong and dynamic and we are more than ready to strengthen our ties by filling the needs in growth-related areas and leading the innovations in sectors that could benefit from the results of our continuous improvement in technology and results-proven researched. The Philippines has become a significant player in the realization of ASEAN regional development goals," Rice said in a statement.

Apart from customer meetings and dinner receptions hosted by GE, Rice also spent time with the GE employees during the Town Hall, and a roundtable with GE's high potential talents. Rice, in his purple GE Volunteers t-shirt, also headed the GE Volunteers outreach activity with the Children's Joy Foundation.

Corporate Communications
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