The managing director of GE
Capital, Rich Green, has stepped down from his role.

Green has been redeployed within GE, a spokesman confirmed, and
his role at GE Capital has been filled by John Jenkins.

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The news comes as parent company GE prepares to downsize GE
Capital , which includes the fleet division along with the
equipment finance and vendor finance units.

“GE Capital is committed to saving $2 billion [£1.4 billion] in
costs globally during 2009, which will include a combination of
both indirect costs/external spend and headcount reduction,” GE
said in a statement.

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