GE Announces Changes to GE Aviation Senior Leadership Team

GE (NYSE:GE) announced today that H. Lawrence Culp, Jr. has been named Chief Executive Officer of GE Aviation, effective immediately, in addition to his current role as Chairman and CEO of GE. John Slattery, current President and CEO of GE Aviation, has been named Executive Vice President and Chief Commercial Officer of the business.

The company also announced that Russell Stokes, current Senior Vice President, GE and President & CEO, GE Aviation Services, has been named President and CEO, Commercial Engines and Services with expanded operational responsibility for Aviation’s largest segment.

Rahul Ghai, Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation has been named Chief Financial Officer of GE Aviation as Shane Wright, currently CFO and Chief Operating Officer of GE Aviation, prepares to retire after 34 years of service to GE.

Slattery, Stokes, and Ghai will report directly to Culp.

These leadership changes follow GE’s November 9, 2021, announcement of its plan to separate GE into three independent, industry-leading, investment-grade companies focused on the growth sectors of Aviation, Healthcare, and Energy.

Larry Culp to become CEO of GE Aviation in addition to remaining Chairman and CEO of GE

GE Chairman and CEO H. Lawrence Culp, Jr., said, “GE Aviation is an exceptional business in growing commercial and military sectors that is shaping the future of flight. There is tremendous opportunity in aviation over the coming years, and 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.”

GE Lead Independent Director Tom Horton said, “Larry’s extensive operating track record is particularly valuable to lead GE Aviation through historic industry growth while also preparing to become an independent, investment grade public company. The Board and I are confident Larry and the GE Aviation leadership team will continue to strengthen this premier franchise and drive lasting growth for its employees and shareholders.”

Slattery said, “It has been an honor leading GE Aviation over the last two years. 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 center of everything we do at GE Aviation, and I look forward to continuing to dedicate my time to them and ensuring we provide the best possible support as the industry accelerates its recovery.”