Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

GE Capital Fleet Services Promotes Marian Powell to Expanded Sr. V.P. Position

August 2, 2001

GE Capital Fleet Services has announced the promotion of Marian Powell to the position of senior vice president of its North America Core Commercial organization with responsibilities for all sales, marketing, product management and e-business functions.Powell most recently led e-business, marketing and product management for Fleet Services and previously directed the North American Operations group.Powell has held several key senior management positions within her 14-year career at GE including leadership posts at GE Capital Railcar Services in human resources, advertising, marketing, customer service and quality.Powell holds a bachelor of fine arts degree from the Cleveland Institute of Art and an MBA from DePaul University in Chicago.Rich Bacon, who previously led North American Sales for Fleet Services, has been promoted to lead sales and marketing for GE Transportation Systems' Global Signaling Business in Blue Springs, Mo. Bacon has 25 years of experience in various GE sales and commercial leadership positions.About GE Capital Fleet ServicesWith headquarters in Eden Prairie, Minn., GE Capital Fleet Services is one of the largest fleet management companies in the world with more than 1.2 million commercial cars and trucks under lease and service management. It has operations in the United States, Canada, Mexico, Europe, Japan, Australia, and New Zealand.GE Capital, with assets of more than $370 billion, is a global, diversified financial services company grouped into six key operatingsegments comprised of 24 businesses. A wholly-owned subsidiary of General Electric Co., GE Capital, based in Stamford, Conn., provides a variety of consumer services, such as credit cards and life and auto insurance; mid-market financing; specialized financing; specialty insurance; equipment management, and specialized services to businesses and individuals in 47 countries around the world.GE is a diversified services, technology andmanufacturing company with operations worldwide.
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