FAIRFIELD, CT—Alec Burger, currently the North America leader for GE Capital Real Estate, is taking the top spot within the division. Burger is succeeding Mark Begor as president and CEO of GE Capital Real Estate, as Begor takes the reins of GE Energy Management, succeeding Dan Janki, who in turn will succeed Kathy Cassidy as head of GE’s treasury operations.
“Alec is the right leader to take over GE Capital Real Estate as we continue to increase lending volume in this valuable real estate debt franchise and shrink its equity book,” says Jeff Immelt, GE’s chairman and CEO. Burger has been with the company since 1991, serving as managing director of GE Capital Real Estate United Kingdom before becoming its North American president. Before joining GE, he worked for Bain & Co.
A 33-year GE veteran, Begor has been GE Capital Real Estate’s president and CEO since April 2011. He has experience in the company’s industrial and capital businesses, including leadership roles at NBC.
Begor held a number of leadership roles in GE Plastics, including the head of global sourcing and leader of GE Petrochemicals. He was also GE’s head of Investor Relations. In 2002, Begor joined GE Capital as CEO of Retail Finance, where he doubled the business during his nine-year tenure.
Begor’s predecessor as president and CEO of GE Energy Management, Janki held that position for two years. In this role, he brought together a new GE business and refocused its product portfolio and business footprint. Cassidy is retiring from GE after 35 years with the company, including more than 12 as head of treasury operations.