John Myers retiring from GE Asset Management

John Myers, president and CEO of GE Asset Management, will retire on July 1, confirmed spokesman Russell Wilkerson. He will be replaced by Ronald Pressman, who was chairman, president and CEO of GE Insurance Solutions, which was recently sold to Swiss Re and Berkshire Hathaway. Mr. Pressman will lead the GE unit, which has $200 billion in assets under management, including the company's $71 billion in combined defined benefit and defined contribution assets.