• GE splits its power division into two after turbulent times

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    • Post Author

      Patrick Lavery

      Combustion Industry News Editor

GE is again in the news after a string of poor financial results, leadership changes and technical difficulties. GE Power has now been split into two divisions, one for gas turbines and the other power business – coal and nuclear plants, and grid and other power-related equipment. The separation is an apparent reflection that the task of managing GE Power as a whole has been too big for one person. Each new division has its own CEO, with Scott Strazik appointed the CEO of the gas power division and Russell Stokes (former CEO of GE Power as a whole) being the CEO of other power activities. Both will report directly to overall GE CEO Larry Culp.