GE [NYSE: GE] on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will continue as head of GE Capital and serve as chairman of GE Capital Aviation Services.
The move comes after months of speculation that GE might attempt to sell GECAS as the struggling conglomerate tries to streamline its portfolio.
Conlon previously served as executive vice president of aircraft trading and headed the company’s helicopter leasing and finance business.
Parent company GE Capital finances aviation and energy assets.
GECAS said Nov. 6 the change is being made to ensure its continued strength by having a dedicated leader and that Burger will continue to be engaged as chairman.
GECAS owns, services or has on order more than 1,700 aircraft and serves more than 250 customers around the world, including cargo airlines.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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