GE Confirms Zucker Appointment

February 6, 2007 World Screen

FAIRFIELD/NEW YORK, February 6: General Electric Company
today confirmed Jeff Zucker’s immediate appointment as president and CEO of NBC
Universal, succeeding Bob Wright, who has served as chairman and CEO for 21
years.

Wright will continue to serve as a GE vice chairman and will
assist with the leadership transition at NBCU. Zucker’s appointment is
effective today.

“Jeff will succeed one of the true giants in media—Bob
Wright—to whom we owe a tremendous debt of gratitude for helping to build
this great media company,” said Jeffrey Immelt, the chairman and CEO of GE. “By
any measure, Bob is one of the most successful media executives ever. He
transformed NBC from a broadcast network into a diversified global media
company. He was always able to see what was coming next, whether it was cable,
satellite, Hispanic broadcasting or digital media. Bob’s strategic vision and
execution kept NBC growing.”

The 41-year-old Zucker, a Harvard graduate, is a 21-year
veteran of NBC Universal. As president and CEO, he will have responsibility for
the strategic direction and operations of all NBC Universal properties. He has
been CEO of the NBC Universal Television Group since 2005. Previously, he was
president of the NBC Entertainment, News & Cable Group. Before that, he
served as president of NBC Entertainment.

“Jeff Zucker is a terrific talent and the right person to
guide NBC Universal on the next stage of its growth,” Immelt said. “Jeff’s
20-plus years with NBC give him deep knowledge of the company’s strategy,
people and culture. In the past few years, Jeff has shown that he is an
energetic, focused leader who can rise to a challenge. His creative experience,
expertise in news and broadcasting and intense passion for the business were immensely
appealing to the Board and to me during this succession process.”

Immelt continued, “We have real business momentum, and the
time is right to make this important transition. I like the team we have in
place today, and believe that the future for NBCU is bright.”