GE Promotes Dan Janki to CFO of GE Energy and Trevor Schauenberg to VP of Corporate Investor Communications
Fairfield, Connecticut, United States July 11, 2008

GE (NYSE: GE) today promoted Dan Janki, 40, to chief financial officer (CFO) of GE Energy, and Trevor Schauenberg, 39, to vice president of Corporate Investor Communications.

Janki, GE’s former vice president of Corporate Investor Communications, succeeds Tom Saddlemire, who is retiring after a distinguished 38-year GE career. Janki will report to John Krenicki, president and CEO of GE Energy. His promotion is effective July 14, 2008.

“Dan has done an excellent job expanding the role of our investor relations function,” GE CFO Keith Sherin said. “He increased our global reach and has been an effective advocate for investors inside the Company. He is a valued advisor both internally and externally. With his leadership skills, financial expertise and knowledge of the business, Dan will be a great asset to GE Energy,” Sherin said.

“Tom Saddlemire has been an exceptional CFO at GE Energy, as well as a trusted advisor and strategist for the team,” Krenicki said. “It is testament to the Company’s management system that his successor is someone of the caliber and experience of Dan Janki. We look forward to Dan joining the leadership team and helping us grow our Energy business around the world.”

Janki began his career with GE in 1992 in the Financial Management Program and subsequently joined the GE Audit staff. He has held a number of senior finance positions within the Company, including CFO of GE Equity, CFO of GE Money-Americas and on the corporate staff of former Vice Chairman Dennis Dammerman.

Janki holds a bachelor of finance and accounting degree from The Ohio State University.

Schauenberg, GE’s former CFO of Capital Solutions, has been promoted to the senior investor relations position. Schauenberg will report to CFO Keith Sherin and will start in his new role on July 14, 2008.

Schauenberg has been with GE for seventeen years, holding a variety of global finance leadership positions. Prior to Capital Solutions, he was CFO at GE Transportation and in a number of former GE insurance businesses in Europe. Schauenberg started in GE’s Financial Management Program and completed five and a half years in Audit before moving into his management roles.

“Trevor understands how this company works, both from a financial and operations perspective,” said Sherin. “He is an excellent communicator and a clear thinker. His experience and skills will help us connect our strategy and performance with shareholders and financial analysts,” said Sherin.

Schauenberg holds a bachelor of finance degree from The University of Iowa.

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, and media content. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

Source: GE