DANBURY, Conn.--(BUSINESS WIRE)--Richard Laxer, a 22-year GE veteran, has been named president and CEO of GE Capital Solutions, one of the company's largest financial services businesses, with leasing, financing and asset management operations in 30 countries and assets of more than $92 billion.
In his new position, Laxer, 45, will report to GE Vice Chairman Mike Neal.
Prior to his current role, Laxer led GE Corporate Financial Services' London-based European businesses, responsible for factoring and transaction activities, including leveraged finance, corporate restructurings and distressed/secondary debt investments.
Laxer was in Tokyo from 2001 to 2003 running GE's Asia Pacific Real Estate activities. Prior to that, he established and headed-up GE Real Estate's Fund Capital Group in New York.
Laxer, who joined General Electric via its Financial Management Program, holds a B.S. in Business from Skidmore College.
GE (NYSE: GE) is Imagination at Work, a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Contacts
GE Capital Solutions Media Relations
John Oliver, 203-984-7757
Stephen White