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4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

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General Electric Company : COGNIZANT’S FRANK D’SOUZA JOINS GE BOARD OF DIRECTORS

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02/16/2013 | 12:10pm CET

FAIRFIELD, Conn. - February 15, 2013 - The Board of Directors of General Electric Company [NYSE: GE] has elected Francisco "Frank" D'Souza, CEO and director, Cognizant Technology Solutions, as a GE director. He was elected by the GE Board at its meeting today.

"Frank D'Souza brings great perspective as a leader and a pioneer in services and software," said GE Chairman and CEO Jeff Immelt. "Our focus on helping customers achieve greater productivity through GE technologies make his views all the more valuable for our company. I am pleased to welcome Frank to our board."

D'Souza is an independent director under the New York Stock Exchange listing standards and GE's independence guidelines. D'Souza's election brings GE's board to 19 members, 17 of whom are independent.

D'Souza is one of the founders of Cognizant and has been CEO and a director since 2007. Cognizant is a global leader in business and technology services, helping transform core processes for greater flexibility, higher efficiency, and lower cost.

In addition to his leadership of Cognizant, D'Souza is a director of the U.S.-India Business Council and a Trustee of Carnegie Mellon University. D'Souza graduated from the University of East Asia with a Bachelor of Business Administration degree, and holds a Master's degree of Business Administration from Carnegie Mellon University.

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Financials ($)
Sales 2016 124 316 M
EBIT 2016 18 728 M
Net income 2016 12 511 M
Debt 2016 79 625 M
Yield 2016 3,00%
P/E ratio 2016 26,73
P/E ratio 2017 20,15
EV / Sales 2016 2,87x
EV / Sales 2017 2,42x
Capitalization 276 627 M
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Number of Analysts 18
Average target price 34,2 $
Spread / Average Target 9,4%
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NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Shane Fitzsimons Senior Vice President-Global Operations
Jeffrey S. Bornstein Chief Financial Officer & Senior Vice President
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
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