---

GE Capital Fleet Services Appoints Marian Powell to Senior Vice President, E-Commerce

8 December 1999

GE Capital Fleet Services Appoints Marian Powell to Senior Vice President, E-Commerce

    MINNEAPOLIS, Dec. 8 -- GE Capital Fleet Services has
appointed Marian Powell to senior vice president, e-commerce, responsible for
driving web-based fleet management initiatives across North America, and
coordinating global efforts to maintain consistency and leverage synergies.
    "The explosion of technology and the Internet have had a real impact on
the fleet industry, producing tremendous demand for e-commerce capabilities,"
said Rick Smith, president and CEO, GE Capital Fleet Services.  "Over the next
few months, Marian's key task will be to evolve a more robust e-commerce
organization and strategy."
    Today, GE Capital Fleet Services' online fleet management tool, Your
Office @ Fleet at gefleet.com, averages more than $3 million a day in online
vehicle ordering transactions.  That number is expected to exceed $7 million
by May 2000.
    "Marian's strong leadership and outstanding abilities to manage, grow and
drive change in our business lend themselves perfectly to this critical
position," Smith added.
    Powell most recently served as senior vice president, North American
operations for GE Capital Fleet Services.  Her background includes a broad
range of experience in senior leadership positions in commercial sales,
marketing, quality and operations.  She holds a Bachelor of Fine Arts degree
from Cleveland Institute of Art and an MBA from DePaul University.
    With headquarters in Eden Prairie, Minn., GE Capital Fleet Services is one
of the largest fleet management companies in the world with more than
1 million commercial cars and trucks under lease and service management.  It
has operations in the United States, Canada, Mexico, Europe, Japan, Australia,
New Zealand and Brazil.  GE Capital, with assets of more than US$300 billion,
is a global, diversified financial services company with 28 specialized
businesses.  A wholly-owned subsidiary of General Electric Company, GE
Capital, based in Stamford, Conn., provides equipment management, mid-market
and specialized financing, specialty insurance and a variety of consumer
services, such as car leasing, home mortgages and credit cards, to businesses
and individuals around the world.  GE is a manufacturing, technology and
services company with operations worldwide.