GE Vernova announces CFO

GE Vernova, which will launch as an independent company sometime in early 2024, has named a chief financial officer.

Kenneth “Ken” Parks will join GE Vernova as CFO, effective Oct. 2. Parks has extensive public company CFO experience and 38 years of comprehensive financial leadership to the role, having guided organizations through dynamic environments including acquisitions, emerging market positioning, restructuring, and leadership transitions. Most recently, he served as CFO for the global building materials producer, Owens Corning.

Prior to Owens Corning, Parks served as public company CFO at global companies Mylan and Wesco International. He was previously divisional CFO at United Technologies Corp (UTC) Fire & Security and also served for three years as director of Investor Relations, successfully leading through UTC’s CEO transition. He held finance roles at Carrier Corp. and York International and began his finance career with Coopers & Lybrand. He became a Certified Public Accountant after completing a Bachelor of Science degree in Accounting at the University of Tulsa.

“It’s a pleasure to welcome Ken to the GE Vernova leadership team as our Chief Financial Officer,” said Scott Strazik, CEO of GE Vernova. “He brings unique and valuable experience gained over a nearly 40-year career in finance. His proven and extensive track record in helping public companies transform and thrive will be a major asset to GE Vernova as we move towards our planned spin-off and continue to work alongside our customers to accelerate the energy transition.”