GE is about to realign its organisational structure; it will move
from having six segments to having four, including two
infrastructure segments.
GE Capital, which is led by vice chairman Mike Neal, will be
responsible for all the financial service businesses, including
commercial finance, GE Money, industry verticals (GECAS Energy
Financial Services), and corporate treasury.
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GE Technology Infrastructure, will be led by vice chairman John
Rice, and will include healthcare, aviation, transportation and
enterprise solutions.
GE Energy Infrastructure, will be led by newly appointed John
Krenicki, and will include energy, oil & gas and water, looking
at emerging markets.
NBC Universal, led by Jeff Zucker will remain unchanged and
continue to focus on diversification and utilising the company’s
global platform.
Jeff Immelt, GE chairman and CEO said: “Infrastructure leads our
growth, with revenues approaching $90B. Our infrastructure
businesses are all global, technology based and have dynamic
service opportunities. The new organisation will put two strong
leaders in position to drive execution. We have higher-growth,
higher-margin businesses and organisationally have simplified the
company from 11 business segments in 2001 to four segments today.
At the same time, we have structured the company to best utilise
our strong leadership team while maximising synergy and
execution.”
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