GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co GE has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately.
GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business.
GE named Russell Stokes as President and CEO, Commercial Engines and Services, with expanded operational responsibility for Aviation's largest segment. He currently serves as Senior Vice President, GE and President & CEO, GE Aviation Services.
Stokes re-joined GE Aviation in 2020, following executive leadership roles across multiple GE divisions.
Rahul Ghai has been named CFO of GE Aviation, effective August 15. Ghai most recently served as the Executive Vice President and CFO of Otis Worldwide Corp OTIS.
Also Read: Otis Names Anurag Maheshwari As Finance Chief
Shane Wright, currently CFO and Chief Operating Officer of GE Aviation, plans to retire after 34 years of service to GE. Wright will retire later this year.
The leadership changes are in line with GE's plan to separate the company into three independent, investment-grade companies focused on the growth sectors of Aviation, Healthcare, and Energy.
Price Action: GE shares are trading lower by 0.74% at $66.50 on the last check Monday.
Photo Via Company

Overview Rating:

Good

100

0100