General Electric's (NYSE: GE) CEO Larry Culp, Jr. will become the CEO of GE Aviation, replacing John Slattery, who was at the helm for the past two years.
General Electric (GE) CEO Larry Culp, Jr. has taken on the additional role of CEO of GE Aviation, replacing John Slattery, while maintaining his position as GE's Chairman and CEO.
This strategic move aims to strengthen GE Aviation and prepare it for its future as an independent, aviation-focused company following GE's planned split into three public entities by early 2024.
GE Aviation is a critical profit driver for the company, benefiting from a robust travel rebound and increased orders, despite facing industry challenges like supply chain issues and workforce shortages.
Accompanying Culp's appointment, Russell Stokes was named President and CEO of commercial engines and services, and Rahul Ghai will join as GE Aviation's CFO.
General Electric’s (NYSE: GE) CEO Larry Culp, Jr. will become the CEO of GE Aviation, replacing John Slattery, who was at the helm for the past two years.
The change was effective at the time of the announcement, and GE said that Culp would maintain his role as Chairman and CEO of GE.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
