A 24-year GE veteran, Stockton joins GEAM having most recently served as President and CEO of GE Capital’s Global Banking unit, with responsibility for leading GE’s global banking and consumer lending businesses and joint venture relationships in over 20 countries. Stockton is a Senior Vice President of GE Company and a member of GE’s Corporate Executive Council and serves on the Board of the GE Foundation.
He succeeds Jay Ireland, who is assuming a newly-created position within GE as President and CEO for GE Africa.
According to a press release, Stockton joined GE in 1987 on the Financial Management Program. He then entered GE Capital’s Commercial Real Estate division in 1991, where he held a series of sales roles, rising to the level of Managing Director leading the distressed debt acquisition and tax-exempt bond financing segments.
In 1997, Stockton was named Senior Vice President and Chief Risk Officer for GE Mortgage Corporation where he led the risk management of a U.S. based mortgage servicing unit and the global mortgage insurance operation. He was appointed Senior Vice President of Marketing and Business Development for GE Mortgage Insurance in 1999 and a Vice President of GE Capital in that same year.
In 2001, Stockton was appointed Chief Executive Officer for GE Capital Bank in Switzerland. From 2005 to 2008, he was President and CEO of GE Money’s Central and Eastern European Banking Group. He was promoted to be a Vice President of GE Company in 2005.Stockton holds a Bachelors of Science degree in Accounting from North Carolina A&T State University. He serves on the board of Bank BPH in Poland, and is a former board member of BAC Credomatic Bank in Central America and Garanti Bank in Turkey.
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