General Electric Co said on Monday Chief Executive Larry Culp will also head its aviation unit effective immediately, replacing John Slattery, as the industrial conglomerate prepares to split into three public companies. Slattery, who has been at the helm at the company's jet-engine unit since Sept. 2020, will become the unit's chief commercial officer. GE also named Otis Worldwide Corp executive Rahul Ghai as GE Aviation's new chief financial officer.
(Reuters) -General Electric Co said on Monday Chief Executive Larry Culp will also head its aviation unit effective immediately, replacing John Slattery, as the industrial conglomerate prepares to split into three public companies. Slattery, who has been at the helm at the company's jet-engine unit since Sept. 2020, will become the unit's chief commercial officer. GE also named Otis Worldwide Corp executive Rahul Ghai as GE Aviation's new chief financial officer.
BOSTON, June 27, 2022--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.