Explore Business Standard
Don’t miss the latest developments in business and finance.
General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation business. Culp eight months ago engineered the break up of the conglomerate in which it would spin off its health care and energy divisions, with the aviation wing remaining under the control of GE. GE said Monday that aviation's current CEO, John Slattery, will become executive vice president and chief commercial officer of the business. The Boston company had begun to carve off pieces of itself not long after the financial crisis in 2008, and those efforts accelerated when Culp took over in 2018. Also on Monday, GE said Russell Stokes, currently senior vice president of GE and president & CEO of GE Aviation Services, is being named CEO of Commercial Engines and Services. Shane Wright, chief financial officer and chief operating officer of the aviation business, is retiring. Wright will be succeeded in the CFO post by Rahul Ghai, who is currently executive
GE on Wednesday said it will be providing maintenance services and a suite of digital solutions for the upcoming 718-megawatt (MW) power plant at Meghnaghat, in Bangladesh. The plant is owned by Reliance Bangladesh LNG & Power Ltd, a joint venture between India's Reliance Power Limited and Japan's JERA Co Inc. "GE's proven track record of providing high-quality technology, services and advanced digital solutions along with the local footprint in Bangladesh, gives us the confidence that the 718 MW Meghnaghat power plant will set a new benchmark in delivering sustainable power to the people of Bangladesh," said Ranjan Lohar, CEO, Reliance Bangladesh LNG & Power Ltd in a statement. The Meghnaghat power plant will be powered by two GE 9F gas turbines, one GE D11 steam turbine and three H53 generators. It will utilize re-gasified liquified natural gas (LNG) fuel to generate the equivalent electricity needed to supply more than 850,000 homes in Bangladesh. GE aims to bring improved .