GE announces new leadership; John Rice back in the helm in gas turbine business

GE  recently announced its intention to reorganize GE Power into two  businesses—GE Gas Power, comprised of Gas Power Systems and Power Services, and GE Power Portfolio, comprised of the Steam, Grid Solutions, Nuclear, and Power Conversion businesses—and consolidate Power’s headquarters structure to create a more simplified business structure that can best serve their customers. GE announced the new senior leadership team, which will report directly to GE Chairman and CEO H. Lawrence Culp, Jr.

John Rice, retired GE Vice Chairman, will return to GE to serve as the Chairman of the GE Gas Power business. In this role, John will leverage his global reach, knowledge of GE’s gas customers and management experience to advise the GE Gas Power leadership team as it establishes itself as a standalone unit. John retired from GE after 39 years of service to the company. Over the course of his career, he led GE Energy, GE Transportation, GE’s Global Growth Organization (GGO) and GE’s Corporate Audit Staff. John’s mentorship of the GE Gas Power leadership team and experience in the industry will position this business and the team for success.

Scott Strazik, current President of Power Services, has been named the Chief Executive Officer of GE Gas Power business. Scott has more than 18 years of operations and leadership experience. Prior to his current role in Power Services, Scott held senior leadership roles in GE’s Gas Power Systems business including leading the Sales and Commercial Operations work as well as serving as the Chief Financial Officer. He graduated from Cornell University with a degree in Industrial Labor Relations and received a master’s degree from Columbia University’s School of International and Public Affairs with a focus on Economics and Public Policy.

Russell Stokes, current CEO of GE Power, will be named the Chief Executive Officer of GE Power Portfolio. Russell is a 20-year GE veteran. Prior to this role, Russell led GE Energy Connections, GE Transportation and held senior roles in GE Aviation.  He started his career in GE Lighting and has worked across a variety of functions, including finance, sourcing, services, and operations.

Culp, added, “I look forward to working with John as he returns to GE and Scott and Russell in their new roles. This strong team of leaders will set up the power businesses to win.”