Michael A. Neal

Overview

Previously, Neal was President and Chief Operating Officer of GE Capital Corporation. He is a Senior Vice President of GE Company, and a member of the Advisory Committee, Penske Truck Leasing Co., L.P. Neal has held various assignments at General Electric Company since he began in 1979. He joined GE Capital in 1987 as Vice President and General Manager of Vendor Financial Services. In 1990, he became General Manager of Commercial Equipment Financing. Under Neal's direction, Commercial Equipment Financing, the world's largest supplier of middle-market financing, recorded consistent growth, becoming one of the most profitable GE businesses. He was appointed Executive Vice President of GE Capital in 1994 and has been recognized for planning and implementing successful GE Capital core growth strategies, acquiring and building throughout Asia but notably in Japan, while driving Six Sigma and e-Business to deliver breakthrough productivity. Recently, he led the effort to acquire Heller Financial Services, which at $20 billion is largest-ever GE Capital acquisition. Neal is a member of the U.S. Advisory Board of the European Institute of Business Administration (INSEAD) and has recently been appointed to the board of trustees of Fairfield University. Neal is also a Trustee of the Georgia Tech Foundation and is on the Board of Stamford based Soundwaters. He has been the chairman of the GE Capital New York/Connecticut/New Jersey tri-state United Way campaign and participates in several local community volunteer activities through GE ELFUN. Neal received his B.S. degree from the Georgia Institute of Technology in 1975.