Culp Named Chairman, CEO OF GE

02 October 2018

GE has named H. Lawrence Culp Jr. chairman and Chief Executive Officer of the company, effective immediately.  Culp will succeed John Flannery as chairman and CEO. Additionally, the GE board has appointed Thomas W. Horton as lead director.

 “GE remains a fundamentally strong company with great businesses and tremendous talent,” said Culp. “It is a privilege to be asked to lead this iconic company. We will be working very hard in the coming weeks to drive superior execution, and we will move with urgency. We remain committed to strengthening the balance sheet including deleveraging. Tom and I will work with our board colleagues on opportunities for continued board renewal. We have a lot of work ahead of us to unlock the value of GE.  I am excited to get to work.”  

Culp served as CEO and president of Danaher Corp. from 2000 to 2014. During his tenure he led the successful transformation of the company from an industrial manufacturer into a science and technology company. During his 14 years at the head of Danaher, the company’s market capitalization and revenues reportedly grew five-fold. 

Horton served as chairman and CEO of American Airlines from 2011 to 2013, and chairman of American Airlines Group from 2013 to 2014.

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA