DAYTON, OHIO -- June 8, 2012 - GE Capital's Retail Finance business, the consumer lending unit of General Electric Company (NYSE:GE - News), has announced Orlando Zayas will serve as vice president, Emerging Markets -- Automotive Aftermarket. In his new role, he will be responsible for driving growth and innovation of the consumer credit portfolio for the automotive aftermarket industry, where the company has provided financing for more than 30 years.
Most recently, Zayas served as president of Safe-Guard Products International, which sold finance and insurance products to automotive dealers nationwide. During his tenure, Safe-Guard achieved a double digit annual growth rate.
Zayas re-joins GE after previous leadership roles with the company, including serving as president of Auto Warranty Services for GE Money. Prior to his roles in the automotive segment, he was a senior vice president for GE Benefit Solutions, as well as holding positions in Sales and Quality.
"We are excited that Orlando will lead our financing programs in the automotive aftermarket industry," said Stephen Roe, general manager, Emerging Markets, GE Capital Retail Finance. "With his wealth of industry experience and his knowledge of GE Capital and consumer financing, so he will be able to quickly bring value to our clients and their customers in this important segment."
Zayas, who has a Bachelor's of Business Administration from the University of Houston and a Masters of Business Administration from the University of Texas at Austin, will relocate to Kettering, Ohio.
For more than 75 years, GE Capital's Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. GE Capital is a leading provider of consumer credit in the automotive industry for more than 30 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as the newly launched Learning Center, providing businesses with fast and easy access to training tools and resources on how to better understand and offer financing to consumers.
About GE Capital's Retail Finance business
GE Capital's Retail Finance business is among the country's most successful retail lenders, with more than 75 years of experience in consumer financing. The business, which originates loans as a unit of GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. More information can be found at www.gogecapital.com and twitter.com/GoGECapital.
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, sales finance programs, home, car and personal loans and credit insurance. For more information, visit www.gecapital.com or follow company news via Twitter @GECapital.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Cristy Williams
cristy.williams@ge.com
678.518.2596