GE Organizational Structure in 2023
General Electric Company (NYSE: GE)
5 Necco Street
Boston, MA 02210
617 443 3000
Industry: Specialty Industrial Machinery
Full Time Employees: 172,000
GE Business Description
General Electric (GE) is a global conglomerate that operates in various industries, providing advanced technology, innovative solutions, and services. With a rich history spanning over a century, GE has established itself as a leader in sectors such as aviation, power, renewable energy, healthcare, and more.
GE's Aviation segment focuses on the design, manufacture, and servicing of aircraft engines, digital solutions, and related equipment. The company's cutting-edge technologies power some of the world's most advanced commercial and military aircraft, enhancing fuel efficiency, reliability, and performance.
In the Power sector, GE offers a comprehensive range of products and services, including gas and steam turbines, generators, and power plant solutions. Through advanced power generation technologies and digital solutions, GE enables its customers to achieve efficient and reliable electricity production while reducing environmental impact.
Recognizing the growing importance of renewable energy, GE has established a strong presence in the field of renewable power generation. The company offers wind turbines and services for onshore and offshore applications, along with solutions for solar power and grid integration. GE's commitment to sustainability drives its efforts to support the global transition toward cleaner and more sustainable energy sources.
GE's Healthcare division is dedicated to delivering innovative medical technologies, healthcare information technology systems, and related services. Their portfolio includes diagnostic imaging systems, monitoring devices, life sciences equipment, and digital solutions that enable healthcare providers to deliver better patient outcomes with increased efficiency.
Additionally, GE operates in the field of digital industrial solutions, leveraging its expertise in software, analytics, and connectivity. Through its Industrial Internet of Things (IIoT) platform, GE helps businesses optimize operations, enhance productivity, and achieve cost savings by harnessing the power of data and analytics.
Overall, General Electric is committed to driving progress and solving some of the world's most complex challenges. With its extensive portfolio of products, services, and digital solutions, GE continues to innovate and shape industries, contributing to the advancement of technology and sustainable development on a global scale.
Who is the current CEO of GE?
H. Lawrence Culp, Jr. is an American businessman and the current CEO and Chairman of General Electric (GE). He was born on April 6, 1963, in Washington D.C. and raised in nearby Chevy Chase, Maryland. Culp attended Washington and Lee University, where he earned a Bachelor of Arts in Economics, and later received his Master of Business Administration from Harvard Business School.
After completing his MBA, Culp joined the management consulting firm, Bain & Company, where he worked for over a decade, rising to become a partner. In 1995, Culp left Bain to become the CEO of Danaher Corporation, a Washington D.C.-based industrial conglomerate that manufactures products ranging from dental equipment to environmental testing instruments. During his tenure at Danaher, Culp transformed the company into a global leader in the industry, growing annual revenue from $4 billion to over $20 billion.
In 2018, Culp was named the CEO and Chairman of General Electric, taking over the company at a time of significant financial difficulty. GE had been struggling with declining revenue, mounting debt, and challenges in several of its key businesses. Culp quickly implemented a series of initiatives to turn the company around, including divestitures of non-core businesses, cost-cutting measures, and a renewed focus on innovation and technology.
Under Culp's leadership, GE has made significant progress in its turnaround efforts. The company's stock price has rebounded, and GE has reported better-than-expected financial results in several quarters. Culp has also overseen the transformation of GE's business portfolio, with a focus on aviation, healthcare, and renewable energy. He has placed a strong emphasis on digital transformation, investing in technology such as artificial intelligence, machine learning, and the Industrial Internet of Things (IIoT).
What does the GE organizational structure look like in 2023?
General Electric (GE) follows a divisional organizational structure that allows for effective management and coordination across its diverse business segments. The company is organized into several major divisions or business units, each responsible for specific products, services, or industries. Here is an overview of General Electric's organizational structure:
Aviation: This division focuses on the design, manufacturing, and servicing of aircraft engines, digital solutions, and related equipment.
Power: The Power division is responsible for the production and servicing of gas and steam turbines, generators, and power plant solutions. It encompasses both conventional and renewable energy solutions.
Renewable Energy: This division specializes in renewable power generation, including wind turbines, solar power solutions, grid integration technologies, and related services.
Healthcare: The Healthcare division offers a wide range of medical technologies, healthcare information technology systems, and related services. It covers diagnostic imaging, monitoring devices, life sciences equipment, and digital healthcare solutions.
Capital: This division focuses on providing financial services, including commercial lending, leasing, and structured financing solutions, to support GE's customers and business operations.
Corporate: The Corporate division oversees the overall strategic direction and governance of General Electric. It encompasses functions such as finance, legal, human resources, communications, and corporate affairs.
Within each division, there are further subdivisions, departments, and teams responsible for specific product lines, regions, or customer segments. This structure allows for efficient decision-making, resource allocation, and coordination within each division while ensuring a unified vision and strategy across the entire organization.
In recent years, General Electric has undergone significant restructuring efforts, including divestitures of non-core businesses, which have resulted in some changes to its organizational structure. The company continues to adapt its structure to align with its strategic priorities and market dynamics, emphasizing its core strengths and growth areas.
What does the GE Org Chart look like for the Board of Directors?
What does the GE Org Chart look like for the Executive Leadership Team?
databahn is an account intelligence company that specializes in providing comprehensive and up-to-date information on Fortune 1000 and Global 2000 companies. databahn offers a range of information services, including deep dive company profiles, financial insights, news updates, competitive analysis, and accurate contact information. databahn's account intelligence is meticulously curated, enabling businesses to make informed decisions, identify sales opportunities, and gain a competitive edge. With the focus on accuracy, completeness, and timeliness, databahn serves as a valuable resource for sales and marketing professionals and other industries that require reliable and actionable insights on large & complex enterprise companies.
Please complete the form below to request to see a sneak peek of the GE Sales Intelligence, Org Chart, and Contact Info Report.