Schapiro joins General Electric board

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The Independent Online

General Electric has nominated Mary Schapiro, a former chairman of financial regulator the United States Securities and Exchange Commission (SEC), to its board.

Ms Schapiro, who is credited with helping to revive a languishing SEC, will stand for election at the conglomerate's annual general meeting on 24 April. She stepped down from the SEC in December after a tumultuous four years spent rehabilitating its battered reputation. During this time she streamlined the SEC's enforcement process, created a new tips database and set up a whistleblower's office, analysts say.

"Mary Schapiro will bring valuable expertise to GE, particularly with her experience overseeing US financial markets," said Jeff Immelt, the group's chairman and chief executive.