Daniel H. Mudd appointed president of GE Capital Services Asia-Pacific

Business Wire, July 26, 1996

STAMFORD, Conn.--(BUSINESS WIRE)--July 26, 1996--GE Capital Services today announced it has appointed Daniel H. Mudd as president of GE Capital Services Asia-Pacific, headquartered in Hong Kong.

Mudd, 37, will have responsibility for business development in the Asia-Pacific region, including operations in China, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, Vietnam, Korea, the Philippines, Taiwan and Australia. Mudd previously was president and chief executive officer of European Fleet Services for GE Capital, based in Brussels, Belgium.

In making the announcement, Gary C. Wendt, chairman, president and chief executive officer of GE Capital Services, said, "Dan Mudd brings a wealth of international and business development experience to this position, and his appointment is indicative of our commitment to the Asia-Pacific region." Wendt continued, "There is enormous potential for GE Capital in this region, where we have been developing a growing presence, notably in our consumer services, equipment management and specialized financing businesses. Under Dan's leadership, we are confident we will identify new opportunities for growth as we look to expand the products and services we offer, and look to enter new markets."

Mudd received a B.A. in History from the University of Virginia, and a Masters in Public Administration in economics and international affairs from Harvard University. He was an officer in the U.S. Marines and was decorated for combat service in Beirut, Lebanon. Mudd joined GE Capital as vice president for business development in 1991; was appointed managing director, international for Commercial Equipment Financing in 1993; and was named president and CEO for European Fleet Services in 1995.

GE Capital Services' businesses with a presence in the Asia-Pacific region include Global Consumer Finance (private label credit cards), Auto Financial Services (consumer auto leasing), Commercial Equipment Financing, Technology Management Services (information technology), Commercial Real Estate Financing, Global Project and Structured Finance (capital for energy), infrastructure and industrial projects), Aviation Services (aircraft financing products and related services), Fleet Services (leasing of automobiles, trucks and specialty vehicles), and Genstar (leasing of marine and domestic cargo containers).

GE Capital Services, with assets of over US$185 billion, is a diverse financial services company. A wholly owned subsidiary of General Electric Company, GE Capital Services provides equipment management, mid-market and specialized financing, specialty insurance and a variety of consumer services, such as car leasing, home mortgages and credit cards, to businesses and individuals around the world. GE is a diversified manufacturing, technology and services company with operations worldwide.

CONTACT: GE Capital Services

Anthony B. Zehnder, 203/357-4728