Following GE’s previous announcement of its plan to separate GE into three independent companies focused on the growth sectors of aviation, healthcare, and energy, the company today announced several changes to its aviation division senior leadership team.
H. Lawrence Culp Jr. has been named CEO of GE Aviation, in addition to remaining chairman and CEO of parent GE; John Slattery, who held the role of president and CEO of GE Aviation, will become executive v-p and chief commercial officer of the division; Russell Stokes has been named president and CEO of Commercial Engines and Services; and Rahul Ghai has been hired by GE as CFO of GE Aviation, succeeding Shane Wright. Slattery, Stokes, and Ghai will report directly to Culp.
Ghai will start as CFO on August 15, working alongside Wright to ensure a smooth transition upon Wright's retirement later this year after 34 years with the company.
“GE Aviation is an exceptional business in growing commercial and military sectors that is shaping the future of flight,” Culp said. “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.”