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GE CEO and Chairman Larry Culp to lead company's aviation unit

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General Electric Chairman and CEO Larry Culp is taking on another role as the top executive at the company's aviation business. The current aviation CEO will become the VP and CCO.

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 vice president and CFO of Otis Worldwide.

 

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