General Electric Appoints Rahul Ghai As Its New Finance Head

General Electric Co GE said Rahul Ghai will become Senior Vice President (SVP) and Chief Financial Officer, effective September 1, 2023.
He will succeed Carolina Dybeck Happe and assume the role in addition to his current responsibilities as CEO of GE Aerospace, which he has held since August 2022.
Ghai joined GE Aerospace from Otis Worldwide Corporation OTIS, where he served as Executive Vice President and CFO.
Dybeck Happe will continue as an SVP of GE for a period of time to assist with the transition and continued work to prepare for separation readiness ahead of the planned GE Vernova spin-off.
As CFO, Ghai will lead GE's global finance organization and financial activities, including accounting and controllership, financial planning and analysis, tax, investor relations, internal audit, and treasury.
"This is the right time to make this change as GE progresses toward launching GE Vernova and GE Aerospace as standalone businesses, and I look forward to partnering with Rahul in this additional capacity," said chairman and CEO H. Lawrence Culp, Jr.
Price Action: GE shares are trading lower by 0.87% at $102.57 on the last check Thursday.