GE Announces Leadership for Upcoming Spinoff

GE Announces Leadership for Upcoming Spinoff

BOSTON – GE announced the Boards of Directors for GE Vernova—the planned independent public company that will be created following its spin-off from GE—and GE Aerospace.

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., said, “We’ve assembled two extraordinary boards to oversee GE Vernova and GE Aerospace, bringing the best of GE forward with compelling new thinking. Each team of talented directors has deep expertise in its respective domain, diversity of perspective, and a wealth of leadership experience. These boards are fit for purpose to help GE Vernova and GE Aerospace rise to their sharper, more focused missions as independent companies.”

GE Vernova CEO Scott Strazik said, “Our Board for GE Vernova brings together multi-dimensional energy transition leadership and strong management and governance experience. This is another important step forward toward spinning off GE Vernova as a standalone company focused on electrifying and decarbonizing the world.”

Culp continued, “Our team of GE Aerospace directors is best-in-class. I’m proud to work alongside this group of experts in commercial aerospace, defense, global affairs, and business leadership, all in service of our customers as we shape the future of flight.”

In connection with the spin-off, GE intends to appoint the following directors to GE Vernova’s Board and include the following directors on GE Aerospace’s Board:

GE Vernova: GE Aerospace:
•    Stephen Angel, former CEO of Linde plc, to serve as Non-Executive Chairman
•    Scott Strazik, CEO of GE Vernova
•    Nicholas Akins, former chairman and CEO of AEP
•    Arnold Donald, former president and CEO, Carnival
•    Matthew Harris, founding partner of Global Infrastructure Partners
•    Jesus Malave, CFO, Lockheed Martin
•    Paula Rosput Reynolds, CEO, PreferWest and former CEO of Safeco and AGL Resources
•    Kim Rucker, former general counsel at Andeavor and Kraft Foods Group
•    Jessica Uhl, former CFO, Shell
•    H. Lawrence Culp, Jr., to serve as Chairman
•    Thomas Horton, partner, Global Infrastructure Partners to serve as Lead Independent Director
•    Stephen Angel, former CEO of Linde plc
•    Sébastien Bazin, chair and CEO, AccorHotels
•    Margaret Billson, former president and CEO of BBA Aviation, plc’s Global Engine Services Division and its predecessor Aftermarket Services Division
•    Thomas Enders, former CEO of Airbus SE and its predecessor EADS NV
•    Edward Garden, chairman and CEO of Garden Investments
•    Isabella Goren, former CFO, American Airlines and AMR
•    Catherine Lesjak, former CFO, HP
•    Darren McDew, retired general, United States Air Force

More information about the directors can be found on GE’s website, here.

Ms. Billson and Mr. Enders will join the GE Board of Directors effective December 1, 2023. Both will continue as Directors of GE Aerospace following the planned spin-off of GE Vernova at the beginning of the second quarter of 2024.

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