John Flannery, former president and ceo of GE Equity--the private equity arm of General Electric--is moving to the GE Corporate Financial Services division scheduled to start today, to be managing director and head of the bank loan group. A GE spokesman said Flannery will fill the position left vacant after Murry Stegelmann left the post to start up a distressed debt fund last month (LMW, 4/14). Flannery will report to Michael Gaudino, president and ceo of the corporate finance arm. Flannery joined GE in 1987 as an associate in the corporate finance group and became a senior v.p. in corporate restructuring in 1993. He helped form the GE Equity unit in 1994 and served as a managing director at GE Equity's Latin America office from 1997 to 1999. He was named president of GE Equity in February 2002. Flannery could not be reached for comment.
Flannery To Head Up GE Bank Loan Group