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General Electric Company has announced that St. Lawrence Trustee Jay Ireland '77 has been named president and CEO of GE Asset Management Incorporated (GEAM). In this role, he will become a member of GE's Corporate Executive Council and the GE Capital Board of Directors. Ireland succeeds Ronald Pressman, who has been named president and CEO of GE Real Estate.

Ireland has been with GE for 27 years. After graduating from St. Lawrence with a degree in government and serving as a U.S. Army officer, he joined GE's Corporate Audit Staff in 1980. He held several financial and product management leadership positions at GE Plastics in the US and Europe and led GE's Investor Communications and Corporate Audit Staff. Ireland was named CFO of GE Plastics in 1997 and became president of NBC Television Stations in 1999. He was promoted to president of NBC Universal Television Stations and Network Operations in December 2006.

Active as a fund-raising and career planning volunteer at St. Lawrence, as a student Ireland was a member of Beta Theta Pi fraternity and the football and baseball teams. He donated a lead gift of $300,000 toward the construction of the Thomas Fay baseball field. Recently, St. Lawrence University announced that it received a gift of $1.7 million from Jay and Valerie Lanigan'77 Ireland.  Their gift includes outright capital support for renovation of arts facilities, an irrevocable estate commitment and support for the St. Lawrence Fund. In recognition of their gift, the solarium in the renovated arts center has been named in the Irelands' honor.

GEAM is a global asset manager wholly owned by General Electric Company, a diversified technology, media and financial services company. GEAM today manages $197 billion (as of March 31, 2007) for a wide variety of clients around the world. GE Investment Distributors, Inc., Member NASD & SIPC, is a wholly owned subsidiary of GE Asset Management Incorporated.

More information: Accomplished St. Lawrence Graduates

Posted: June 28, 2007