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GE CAPITAL NAMES HEAD OF ASSET BASED FINANCING

 GE CAPITAL NAMES HEAD OF ASSET BASED FINANCING
 STAMFORD,Conn., Aug. 10 /PRNewswire/ -- GE Capital announced today


that Michael A. Gaudino has been named vice president and general manager of the newly created Commercial Finance business.
 The new business combines existing commercial finance activities of GE Capital's Corporate Finance Group and Commercial Equipment Financing. The combined range of activity will include senior secured debt for refinancings, recapitalizations, working capital and credit standby facilities. Commercial Finance will report to Michael A. Neal, vice president and general manager of Commercial Equipment Financing.
 Gaudino previously was a vice president and manager of business development for GE Capital. Before joining GE Capital in 1989, Gaudino worked at Primerica (formerly American Can International) for 14 years.
 GE Capital, headquartered in Stamford, a wholly owned subsidiary of General Electric Company (NYSE: GE), is a diversified financial services company with assets exceeding $80 billion. GE Capital's financing activities include equipment management, equipment financing, corporate financing, consumer/retail financial services, commercial real estate financing, and specialty insurance. GE is a diversified manufacturing, technology and services company with operations worldwide.
 -0- 8/10/92
 /CONTACT; Anthony B. Zehnder of General Electric Capital, 203-357-4728 (office), or 203-657-3824 (home)/
 (GE) CO: GE Capital Corp.; General Electric Company ST: Connecticut IN: FIN SU: PER SH-DC -- NY002 -- 8395 08/10/92 09:30 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 10, 1992
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