GE Names John Flannery Head of Business Development

  GE Names John Flannery Head of Business Development

          Pam Daley to retire after decade of growth-focused change

Business Wire

FAIRFIELD, Conn. -- February 8, 2013

GE (NYSE: GE) – General Electric Company Chairman and CEO Jeff Immelt today
announced the appointment of John Flannery as senior vice president for
corporate business development. Flannery will succeed Pamela Daley, who is
retiring after 24 years with GE. The appointment is effective April 1.

Flannery, 51, has been president and CEO of GE India since 2009, building a
strong local team and growing GE revenues and influence. He is a 25-year GE
veteran. He will lead GE’s business development team, which is responsible for
GE’s mergers, acquisitions, and divestiture activities worldwide.

Immelt said, “In India and in his previous roles in GE Capital, John worked
across the company to identify new opportunities for growth. He’ll do the same
in business development, guiding a strong team that will benefit from his
leadership and analytical skills as well as his deep understanding of GE and
global markets.”

Prior to leading GE India, Flannery led GE Capital across Asia, overseeing all
of GE’s financial services businesses, and held a number of other sales
leadership and finance roles in GE Capital. He earned a bachelor’s degree in
finance from Fairfield University and a master’s degree in finance from the
University of Pennsylvania.

Flannery will be succeeded as president and CEO of GE India by Banmali
Agrawala, who has led GE’s energy businesses in India and will continue to do
so in addition to his India CEO role.

Daley led GE’s business development team during a decade when GE reshaped its
portfolio to focus on high-growth businesses.

Immelt said, “Pam provided strong advice and direction on some of the largest
and most important acquisitions in GE history, including valuable additions to
our healthcare, aviation and energy businesses. She also helped oversee major
dispositions of insurance, plastics and NBC Universal and other businesses. On
every deal, Pam provided clear and expert analysis, and her wide credibility
served us well with external partners.”

Daley will serve as a special advisor to GE through 2013.

About GE

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Sebastien Duchamp, +1-646-682-5604
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