Who is Marijn Dekkers and what is his background?

Marijn Dekkers is the Chairman of the Management Board of Bayer AG, a global life science company. His appointment to GE's board brings international executive experience.

Why did GE increase its Board size?

The Board of Directors increased its size to accommodate the appointment of the new director, Mr. Dekkers, filling the resulting vacancy.

Is the new director considered independent?

Yes, the Board of Directors has determined that Mr. Dekkers is an independent director according to New York Stock Exchange listing standards and GE's own governance principles.

Will Mr. Dekkers receive special compensation?

No, Mr. Dekkers will participate in the existing compensation and benefit program for non-management directors, as outlined in GE's 2012 Proxy Statement.

GE 8-K: Leadership Changes

Summary

General Electric Company (GE) announced a change to its Board of Directors, appointing Marijn Dekkers as a new independent director, effective June 12, 2012. Mr. Dekkers brings international experience as the Chairman of the Management Board of Bayer AG. His appointment increases the size of the Board from sixteen to seventeen members, filling the new vacancy created by this expansion. The Board has confirmed Mr. Dekkers meets independence standards under both NYSE listing rules and GE's internal guidelines.

Key Highlights

1Marijn Dekkers, Chairman of Bayer AG's Management Board, appointed to GE's Board of Directors.
2Appointment is effective June 12, 2012.
3Board size increased from 16 to 17 directors.
4Mr. Dekkers has been determined to be an independent director.
5Mr. Dekkers will participate in the standard compensation and benefits program for non-management directors.
6No committee assignments have been made for Mr. Dekkers at this time.

GENERAL ELECTRIC CO 8-K Report, Executive Changes (Jun 12, 2012)

Summary

Key Highlights

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