CHICAGO, September 22, 2004 - Jeffrey A. Malehorn has been named President and CEO of GE Healthcare Financial Services, a business unit of GE Commercial Finance that provides capital, financial solutions and related services to the global healthcare market.  Mr. Malehorn is an experienced global leader who has spent the majority of his career growing financial services businesses. Before assuming his role at Healthcare Financial Services in August 2004, he was President and CEO of GE Commercial Finance's Global Financial Restructuring business based primarily in Tokyo, Japan, where he helped drive global business growth across Europe, Asia and the U.S.

"We are excited to promote Jeff to this new role," said Mike Neal, President and CEO of GE Commercial Finance.  "Jeff's proven track record in finance, business development, change management and risk management will be a tremendous benefit to GE Healthcare Financial Services and instrumental in driving this business' continued growth."

A 20-year GE veteran, Mr. Malehorn led GE Real Estate's European business for three years based in Paris, France. He has proven expertise leading high-growth businesses.  He has managed GE Real Estate's U.S. debt and equity originations, and the senior living, hospitality and related operations-based ventures. He also has held positions in risk, portfolio and operations management as well as business development and process improvement. His business experience includes corporate finance and equipment leasing. 

Mr. Malehorn started his career at GE in the Financial Management Program in 1984. He then conducted and led numerous financial and operating business reviews with a four-year leadership development assignment in GE's Corporate Audit Staff.

GE Healthcare Financial Services, a unit of GE Commercial Finance, is the premier provider of capital, financial solutions and related services for the global healthcare market. With $13 billion in assets, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending, vendor programs and acquisition financing. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit .

Media Contacts

Deia Campanelli
GE Healthcare Financial Services
312-441-6169