Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its board of directors has appointed a new director, Diane L. Cooper.
Cooper retired in 2016 as an officer of General Electric. From 2009 until 2016, she served as President and CEO of GE Capital’s Commercial Distribution Business. The business provided customized inventory financing for manufacturers and dealers, vendor financing, a commercial lease/loan business for trucks and trailers, and a healthcare finance unit which provided equipment financing for healthcare providers. During this period of intense competitive pressure, she was able to retain all significant customers and partnerships, outperformed the markets and mitigated risk.
Throughout her 30 years at GE, Cooper lead a team of over 5,000 employees who consistently delivered results during both positive and negative business cycles including continuing business delivery during the 2009/10 financial crisis. Cooper led her team to double-digit growth every year from 2009 until her retirement, ending with $610 million in net income to the parent company and over $38 billion in assets under management.
She currently sits on the board of BMO Financial Group and previously had served five years as Board Chairman of a $1 billion financial services joint venture between GE and Hyster-Yale.
Sean O’Connor, CEO of INTL FCStone, said:
Diane is a highly accomplished executive, with her time at GE marked by success through some very troubling economic times. It is that kind of leadership and experience we are looking to add to the board as we continue to grow our business.
John Radziwill, Chairman of the Board of INTL FCStone, added:
Diane brings to the boardroom a depth of knowledge and experience that I believe will be a continuing asset as we seek to maximize the value of our company.