The board of directors of the General Electric Company nominated former Securities and Exchange Commission chairman Mary Schapiro to serve on its board.
Schapiro will stand for election at GE’s annual meeting on April 24, the company said.
"Mary Schapiro will bring valuable expertise to GE, particularly with her experience overseeing U.S. financial markets," said GE chairman and CEO Jeff Immelt. "Her understanding of corporate governance and financial regulation will be of great benefit to GE and its shareowners. I am pleased that we have nominated Mary to our board."
Schapiro served as chairman of the SEC from January 2009 through December 2012. Prior to becoming SEC chairman, Schapiro served as chief executive officer of the Financial Industry Regulatory Authority (FINRA) from 2007 through 2008. She joined FINRA in 1996, serving as president of the National Association of Securities Dealers (NASD) Regulation from 1996 to 2002 and as vice chairman from 2002 to 2006, when she was named chairman.
Schapiro served as a