Ronald Pressman named new president at GE Real Estate

Real Estate Weekly, June 27, 2007

GE Real Estate announced that Ronald Pressman has been named president and CEO.

A 27-year GE Veteran, Pressman was most recently, president and CEO of GE Asset. Management, a global investment business with approximately $197 billion in assets under management. Pressman held a variety of key financial roles early in his GE career and over the past 15 years, he has been CEO of a number of global GE businesses, including GE's Central and Eastern European operations, Power Systems (Europe), Real Estate, Employers Reinsurance, and Insurance Solutions. Pressman began his GE career in 1980 after graduating from Hamilton College.

Pressman is a proven industry leader and is highly regarded as a strategic thinker in the commercial finance industry. As a senior vice president of the company, he serves on GE's Corporate Executive Council and has been a member of the GE Capital Board since 2000.

He replaces Michael Pralle, who left the company to pursue other interests.

"Ron has made invaluable contributions to GE's success throughout his notable career and his broad-based experience across our company will enable us to achieve our strategic goals in an even more efficient and productive manner," said Michael A. Neal, vice chairman.

"Our Real Estate division is critically important to our overall business strategy. Ron's deep background in financial services and real estate, coupled with his global experience will be of great value as we continue to grow this business in the US and abroad."

Pressman has also been involved in many civic and educationally oriented activities in his communities.

He currently is chairman of the National Board of A Better Chance and director of Pathways to College.

While located in Kansas City, Pressman was vice chairman and director of the Board of Directors of the Greater Kansas City Community Foundation and vice chairman and director of the Kansas City Civic Council. During his time in London, he served as a member of the Hamilton College Board of Trustees and chaired Roots and Wings, a UK-based mentoring program.