General Electric (GE) an American multinational conglomerate earlier this week announced that the CEO of its Africa division Jay Ireland is set to retire effective 30th September 2018. Ireland has worked for GE for 38 years, 7 of these in the Africa Division of the company.
During his 38 years at GE, Ireland held several leadership positions. He led GE Asset Management (GEAM), a global investment firm with about US$120 billion in assets under management at the time. He was President of NBC Universal Television Stations and Network Operations where he had overall executive responsibility for NBC Universal’s 10 television stations, the Telemundo network and its 16 Spanish language television stations. Before joining NBC in 1999, he had been the CFO of GE Plastics. Ireland started his career with General Electric in 1980 in its Financial Management Program after 3 years as a US Army Officer.
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Over the years, he has been instrumental in advocating for investment in Africa. He is the Chair of the US President’s Advisory Council on Doing Business in Africa. He is also Co-Chair of the US Africa Business Centre – launched in 2015 to lead the U.S. business community’s engagement with Africa’s regional economic communities, the private sector, and small and medium-sized enterprises (SMEs). Ireland was a member of the African Development Bank’s special panel on accelerating the implementation of its ten-year strategy. He was a recipient of the Africa investor Magazine’s ‘International Business Leader of the Year’ award in 2012 and 2013 and in October 2017, he was awarded the ‘Princeton in Africa’ medal for his innovative leadership and dedication to high-impact investments and growth opportunities across Africa.
Farid Fezoua, President & CEO, GE Healthcare Africa has been named as the President and CEO, GE Africa in addition to his role in GE Healthcare. This appointment is effective October I, 2018. Farid joined GE in 2003 to lead customer financing efforts for GE Healthcare’s Middle East, Africa and Turkey Region. In 2005, he was appointed Regional Executive for GE Capital Markets Corporate, leading customer and project finance for all GE businesses in the Middle East and Africa.
Farid started his career at BCEN-Eurobank, Paris (subsidiary of the Russian foreign trade Bank). He then went on to serve as Deputy Head of Commodity and Trade Finance at B.A.I.I. (Banque Arabe et Internationale d’Investissement, a subsidiary of BNP specialized in trade and investment in the MENA region). He was also the Assistant General Manager & Head of Correspondent Banking and Trade Finance at the Arab Banking Corporation, Paris Branch.
Farid has extensive experience in the financing of trade and investment flows across the Middle East, Africa and Europe. He has developed a strong track record of infrastructure project development & financing in the field of power, transportation & healthcare as well as business operations & management.