FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 12, 2002--General Electric has announced the appointment of three new company officers.
Carol Anderson, 46, is Vice President, Human Resources for GE Commercial Finance, serving in this role since September 2002. Anderson joined GE in 1986. She has spent her 16-year tenure in various leadership development, executive compensation and HR management roles at GE Capital and GE Corporate. She holds a B.A. in Psychology and Business from Ithaca College and an MBA from Columbia University.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 28, 2002--Alan G. "A.G." Lafley, 55, chairman of the board, president and chief executive of the Procter & Gamble Company, and Robert J. Swieringa, 60, dean of the Johnson School of Management at Cornell University, have been elected to the board of the General Electric Company, the world's largest diversified technology, services and manufacturing company.
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BERLIN--(BUSINESS WIRE)--Oct. 23, 2002--U.S. technology company General Electric (GE), headquartered in Fairfield, Connecticut, is opening its first European research and development center in Germany. In a joint press conference today, Federal Chancellor Gerhard Schroder and GE Chairman & CEO Jeffrey R. Immelt announced that GE will invest $52 million (USD) over the next five years to locate a 150-scientist research facility on the Garching campus of the Technical University of Munich (TUM).
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STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 21, 2002--Xerox Corporation (NYSE: XRX) and General Electric (NYSE: GE) today announced an eight-year agreement for GE Vendor Financial Services to become the primary equipment financing provider for Xerox customers in the United States through monthly advances against Xerox's new U.S. lease originations.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 11, 2002--GE's third-quarter 2002 earnings of $4.1 billion, or $.41 per share, increased 25% over third quarter 2001, and year-to-date cash flow from operations, excluding progress collections, increased 16%, GE Chairman and CEO Jeff Immelt announced today.