GE Elects Ed Garden of Trian Partners to Board of Directors

BOSTON–(BUSINESS WIRE)–GE (NYSE: GE) today announced that its Board of Directors has elected Ed
Garden, Chief Investment Officer and a Founding Partner of Trian Fund
Management, L.P., to the GE Board effective as of October 9. Mr. Garden
will replace Robert Lane, who is retiring from the Board after 12 years
of service.

“GE has a diverse and independent board, and we value the wide range of
expertise and perspectives that all of our directors bring. We have
maintained an active and constructive dialogue with Trian since they
became a shareowner in 2015, as we do with all large investors. As GE
continues to evolve as a company and address the challenges and
opportunities that lie ahead, we also see a chance to evolve as a Board
and believe that, based on his track record as a director at other
companies, Ed will be able to make significant contributions to GE,”
said Jack Brennan, lead independent director for GE’s Board of Directors.

“Over the last 90 days, I’ve met with numerous investors and I value
their input and views,” said John Flannery, Chairman and CEO of GE. “Our
focus is on delivering for customers, world class operational
excellence, integrity, accountability and driving results that will
increase shareholder value. I look forward to working with Ed Garden and
the entire Board to execute our strategy and drive long-term value for
shareholders.”

“Like other GE shareholders, I am disappointed by the recent performance
of GE’s stock. But I continue to believe that GE represents an
attractive long-term investment opportunity with significant upside. We
will remain focused on enhancing long-term value for GE shareholders. I
have been impressed by John Flannery and I am excited to work with John
and the rest of the Board in the same way that I’ve worked at other
companies where I’ve been invited to join the board — collaboratively
and with the common goal of driving long-term value for all
shareholders,” said Mr. Garden.

Mr. Garden is Chief Investment Officer and a Founding Partner of Trian.
Mr. Garden oversees Trian’s portfolio management, idea generation,
analyses and due diligence activities. Mr. Garden is currently a
director of The Bank of New York Mellon Corporation, where he is
chairman of its Human Resources and Compensation Committee, and is a
director of Pentair plc. Mr. Garden previously served as a director of
The Wendy’s Company from December 2004 to December 2015 and Family
Dollar Stores, Inc. from September 2011 to July 2015.

About GE

GE (NYSE:GE) is the world’s Digital Industrial Company, transforming
industry with software-defined machines and solutions that are
connected, responsive and predictive. GE is organized around a global
exchange of knowledge, the "GE Store," through which each business
shares and accesses the same technology, markets, structure and
intellect. Each invention further fuels innovation and application
across our industrial sectors. With people, services, technology and
scale, GE delivers better outcomes for customers by speaking the
language of industry. www.ge.com

GE’s Investor Relations website at www.ge.com/investor
and our corporate blog at www.gereports.com
and @GE_Reports on Twitter, as well as GE’s Facebook page and Twitter
accounts, contain a significant amount of information about GE,
including financial and other information for investors. GE encourages
investors to visit these websites from time to time, as information is
updated and new information is posted.

About Trian Fund Management, L.P.

Founded in 2005 by Nelson Peltz, Ed Garden and Peter May, Trian seeks to
invest in high quality but undervalued public companies and to work
constructively with the management and boards of those companies to
significantly enhance shareholder value for all shareholders through a
combination of improved operational execution, strategic redirection,
more efficient capital allocation and increased focus.

Caution Concerning Forward-Looking Statements

This document contains "forward-looking statements" – that is,
statements related to future events that by their nature address matters
that are, to different degrees, uncertain. For details on the
uncertainties that may cause our actual future results to be materially
different than those expressed in our forward-looking statements, see http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements
as well as our annual reports on Form 10-K and quarterly reports on Form
10-Q. We do not undertake to update our forward-looking statements.

Contacts

GE Investor Contact:
Matt Cribbins, 617-443-3400
[email protected]
or
GE
Media Contact:
Jennifer Erickson, 646-682-5620
[email protected]
or
Trian
Media/Investor Contact:
Anne Tarbell, 212-451-3030
[email protected]