Reuters reported that the global head of GE Capital Markets, Stewart Koenigsberg, announced his intentions to retire, with the expectation of leaving the company later this year.

Reuters said Koenigsberg joined GE Capital in 1989 and assumed his current role in June 2013 upon Kristi Colburn’s retirement.

The article noted that GE Antares Capital president and CEO John Martin will succeed Koenigsberg.

To read the entire Reuters article, click here.