GE 2004 Annual Report Download - page 28

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“This year, we see more opportunities than ever in
almost every aspect of business lending, leasing
and financing. By organizing around industries
through ‘verticals,’ we’re tailoring Commercial
Finance to customer needs. You can expect more
from us globally in 2005 as well. Europe represents
enormous opportunity, and our European Corporate
Finance effort, an Imagination Breakthrough, is a
shining example. We’re also simpler today, with
more efficient, consistent and cost-effective results
for us and for our customers. We’re easier to do
business with, and that’s good for customers and
for GE. In 2005, Commercial Finance’s time will
prove more productive — and exciting — than any
in our history.”
Mike Neal
“We’re succeeding in high-growth global markets,
including Brazil, eastern Europe and India as well as
China. We’ve invested in proprietary technology
and developed dozens of innovative high-perfor-
mance resin, silicone and quartz products. We’re
more than offsetting high raw materials prices with
productivity, product mix and price. We feel very
good about the future.”
John Krenicki
“We’ve taken the actions necessary for better per-
formance. We have increased underwriting disci-
pline, strengthened investment management,
renewed our focus on customer service and built
the right team to complete a challenging turn-
around. Our customers feel it, our associates thirst
for it and our investors deserve it.”
Ron Pressman
“Our new product pipeline is full of cutting-edge
technology, recent acquisitions provide a full range
of world-class capabilities in Water and Security,
and our plans for simplifying our businesses’ organi-
zations and reaching customers in new ways will
pay off both in efficiency and growth.”
Bill Woodburn
“We are introducing our new global brand, GE
Money, into consumer finance markets with huge
growth potential. We are harnessing the power of
our global financial services business, which we’ve
grown to more than $150 billion in assets while
levering the incredible power of the GE brand.
We’ve been averaging more than 100 new product
introductions per year across our businesses in
41 countries, and GE Money gives us a powerful
new way to deepen and extend our relationship
with consumers.”
Dave Nissen
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GE Consumer Finance
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GE Transportation
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GE Advanced Materials
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GE Infrastructure
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GE Insurance
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