New president named for GE Nuclear energy

SAN JOSE, Calif., March 10, 2003 -- Andrew White has been named President of GE Nuclear Energy, Inc., a GE Power Systems business.

White has over 20 years of experience with GE Power Systems and was recently named a company officer. He most recently served as General Manager, Installation and Field Services, based in Atlanta, Georgia.

White received his Bachelor of Science degree in Electrical and Electronic Engineering from Bath University, UK. In 1981, White joined GE as a Field Engineer in London, England. He has a wide range of experience in Energy Products, Technology and Services, having served as General Manager of Asia Services, as well as General Manager of GE's Global Operations & Maintenance Services. He and his family will be moving to Wilmington, North Carolina.

"I am delighted with this opportunity to apply the skills and knowledge I have acquired over the last two decades to this innovative business. My familiarity with GE Nuclear Energy's culture and my established relationships with its customers will help this transition go smoothly," said White. "In an environment where safety, quality and integrity prevail, we are dedicated to creating the best, safest and most affordable products and services so that our customers can be confident that their plants are operating securely and efficiently. GE will continue to supply the growing nuclear energy environment with the most progressive, first-rate technology."

GE Nuclear Energy provides a wide array of technology-based products and services that help owners of Boiling Water Reactor (BWR) nuclear power plants safely operate their plants with greater efficiency and output. There are currently 91 BWRs based upon the GE design operating in 11 countries. Currently 2 Advanced Boiling Water Reactors (ABWRs) are operating in Japan with 2 additional ABWRs under construction in Taiwan. These plants provide about 4 percent of the world's electricity needs.

About GE Power Systems

GE Power Systems (www.gepower.com) is a supplier of power generation technology, energy services and management systems with 2002 revenues of nearly $23 billion. Based in Atlanta, Georgia, GE Power Systems provides equipment, services and management solutions across the power generation, oil and gas, distributed power and energy rental industries.

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