Summary
General Electric Company (GE) announced a change to its Board of Directors. Robert Lane is retiring after 12 years of service, effective October 9, 2017. To fill the vacancy, the Board has elected Edward P. Garden as a new director, also effective October 9, 2017. Mr. Garden brings experience as the Chief Investment Officer and a Founding Partner of Trian Fund Management, L.P., an investment firm.
Key Highlights
- 1Robert Lane is retiring from the GE Board of Directors after 12 years.
- 2Edward P. Garden has been appointed to the GE Board of Directors.
- 3Mr. Garden is the Chief Investment Officer and a Founding Partner of Trian Fund Management, L.P.
- 4The Board has determined Mr. Garden meets independence standards.
- 5Mr. Garden will receive the standard compensation package for independent directors.
- 6Mr. Garden intends to transfer all director compensation to Trian Fund Management.
- 7Mr. Garden has not yet been appointed to any Board committees.