- With the job of selling off a good deal of GE Capital's operations about done, GE Vice Chairman and GE Capital Chairman and CEO Keith Sherin will retire from GE, effective Dec. 31.
- He's to be replaced in the GE Capital CEO spot, effective Sept.1, by Richard Laxer, currently GE Capital International president and CEO.
- Going forward, GE Capital will consist of three global businesses: GE Capital Aviation Services, GE Energy Financial Services, and GE Industrial Finance.