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GE Capital Fleet Services Appoints Daniel Farrar to Head European Business Unit

8 January 1998

GE Capital Fleet Services Appoints Daniel Farrar to Head European Business Unit

    MINNEAPOLIS and BRUSSELS, Jan. 8 -- Daniel Farrar has been
appointed president and chief executive officer of GE Capital Fleet Services -
Europe, a business unit of GE Capital Fleet Services.
    "We are very pleased to announce this promotion," said Rick Smith,
president and chief executive officer of GE Capital Fleet Services.  "Dan has
demonstrated outstanding abilities to manage, grow and drive change in our
fleet business and will bring strong leadership, knowledge and experience to
this important assignment."
    Most recently, Farrar was senior vice president of North American
operations for GE Capital Fleet Services.  Prior to that, he served as
managing director for GE Capital Fleet Services, Ltd. in the United Kingdom.
Farrar's background includes a broad range of experience in both the
consulting industry and with General Electric.  His previous assignments have
included engineering, manufacturing/production control and product marketing.
Farrar began his career at GE in 1984, as a manager in GE corporate business
development in Fairfield, Conn.
    Farrar holds an engineering degree and an MBA from Harvard University.
    GE Capital Fleet Services - Europe, headquartered in Brussels, operates in
27 countries throughout Europe and has a fleet of more than 280,000 vehicles
under lease and service management.
    GE Capital Fleet Services, headquartered in Minneapolis, is the leading
corporate fleet management company in the world with more than 850,000 cars
and trucks under lease and service management.  GE Capital Fleet Services is a
business unit of GE Capital Services, a wholly owned subsidiary of General
Electric Company , headquartered in Stamford, Conn., USA.  GE
Capital's activities include equipment and technology management, mid-market
financing, specialized financing, specialty insurance and consumer services.
General Electric Company is a diversified manufacturing, technology and
services company with operations worldwide.

SOURCE  GE Capital Fleet Services