Nov. 06, 2019 (GLOBE NEWSWIRE) -- Norwalk Connecticut, November 6, 2019 – Greg Conlon has been promoted to the role of President and CEO of GECAS, effective immediately. Alec Burger will continue as President & CEO of GE Capital and will also serve as the Chairman of GECAS.
GECAS has consistently delivered excellent results for many years and is positioned for continued success. This change in leadership is being done to ensure the continued strength and health of GECAS, with Greg being fully dedicated to leading the GECAS business with Alec’s continued engagement as Chairman.
“Greg is an experienced leader with deep and positive relationships across the industry and GE, and a personal track record of performance. It’s my distinct pleasure to promote such a great GE leader to the helm of GECAS.” noted Alec Burger. “It has been and will continue to be a privilege to be a part of GECAS, however now is right time in the evolution of GECAS to have Greg as the dedicated leader of the business. As President & CEO, Greg will bolster GECAS’ position as the business continues to deliver for our global customers.”
“I’d like to recognize Alec for his mentorship, friendship and support,” shared Greg. “While Alec continues his focus on the broad GE Capital portfolio, I am grateful that he will be staying on as GECAS’ Chairman, where he will stay involved in strategic decisions and ensure a seamless transition. I am truly excited to lead such a team of talented, collaborative, and customer-focused professionals as we have at GECAS.”
Greg has been with GE for 20 years and is a highly respected leader in the aviation financing industry. Greg is ideally positioned for this role, with a career history including experience in Capital Markets, Asset Trading, OEM Management, Sales, Debt Financing and P&L leadership.
“GECAS remains a strategically important and critical part of GE Capital,” Alec added, “I am excited to see it continue to thrive under Greg’s leadership.”