Former SEC Chairman Schapiro Nominated for GE Board

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The board of directors of General Electric (NYSE: GE  ) has nominated a former SEC chairman for a spot on the company's board. Mary Schapiro, who became the 29th chairman of the regulatory body when President Obama appointed her in January 2009, will stand for election to the nine-person board at the annual shareholder meeting on April 24.

Only having stepped down from heading the SEC in December, Schapiro brings high-level expertise in financial compliance that's hard to come by. Before leading the SEC, she served as CEO of the Financial Industry Regulatory Authority, and she's been appointed by four different U.S. presidents to various positions of oversight, beginning in 1988, when President Reagan named her SEC commissioner.

With financial solutions being a core part of GE's business, CEO Jeff Immelt praised Schapiro's extensive experience with financial markets as a valuable addition to the executive team.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2306292, ~/Articles/ArticleHandler.aspx, 9/29/2016 7:55:56 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:00 PM
GE $29.53 Down -0.37 -1.24%
General Electric CAPS Rating: ****