Summary
General Electric Company (GE) announced on September 13, 2013, the election of James E. Rohr to its Board of Directors, effective immediately. Mr. Rohr, the former CEO and current Executive Chairman of The PNC Financial Services Group, brings significant experience from the financial services sector to GE's board. His appointment resulted in an increase of the Board's size from 17 to 18 directors. The company confirmed Mr. Rohr meets independence standards set by the New York Stock Exchange and GE's own guidelines. He will be compensated under the standard non-management director program, as detailed in the company's 2013 Proxy Statement. This move signals GE's continued focus on board composition and the inclusion of experienced leadership.
Key Highlights
- 1James E. Rohr elected to General Electric's Board of Directors.
- 2Mr. Rohr's background includes former CEO and current Executive Chairman roles at The PNC Financial Services Group.
- 3The Board of Directors size increased from 17 to 18 members to accommodate the new director.
- 4Mr. Rohr has been deemed an independent director by GE and NYSE standards.
- 5Compensation for Mr. Rohr will align with the existing non-management director program.
- 6Mr. Rohr has not yet been assigned to any Board committees.