General Electric has reorganized its financial services division into four separate units, one of which is dedicated to truck and equipment financing.
Fairfield, CT-based GE Capital will be split into GE Commercial Finance, GE Insurance, GE Consumer Finance and GE Equipment Management.
Arthur Harperhas been named president & CEO of the GE Equipment Management unit, which will oversee lending to fleets and railroads, as well as manage its TIP Trailer and Penske Truck Leasing operations.
