GE Aviation makes changes to senior leadership team
General Electric (GE), the parent company of GE Aviation, has appointed group CEO and chairman Larry Culp as CEO of its Aviation Division.
The move to GE Aviation, the jet engine and components supplier, was due to “tremendous opportunity in aviation over the coming years”, according to Culp. He will hold the position alongside his current roles, while John Slattery, who previously held the role of CEO at GE Aviation has been named executive vice president and chief commercial officer (CCO) of the business.
Culp said: “The board and I decided it is the right time for me to take on this expanded role and work even more closely with the team to support our customers, meet the unprecedented demand ramp, and prepare for GE Aviation’s future as an independent public company.”
Slattery, who has led GE Aviation for the past two years, said: “I am excited to be part of a tremendous leadership team as we move closer to launching as a standalone business. Customers and our industry partners are at the centre of everything we do at GE Aviation …”
The American conglomerate also announced further senior leadership shakeups, pointing to an increased emphasis on the group’s aviation subsidiary. Rahul Ghai is entering the company as chief financial officer (CFO) of GE Aviation, having previously served as CFO for Otis Worldwide, a lift (elevator) manufacturing firm. Ghai is taking over from Shane Wright, who is preparing to retire later this year after 34 years with GE.
Russell Stokes, current senior vice president, GE and president and CEO, GE Aviation Services, has been put in charge of leading commercial aviation as president and CEO, Commercial Engines and Services.
The reshuffle follows GE’s announcement in November of its plan to separate the group into three subsidiaries focused on Aviation, Healthcare and Energy.