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GE brings in shipper Maersk's CFO as finance chief

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General Electric Co on Monday named finance head at shipper AP Moller-Maersk as ...

) as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate.

Carolina Dybeck Happe will start in early 2020 and replaces Jamie Miller, whose departure was announced earlier this year as new Chief Executive Officer Larry Culp seeks to simplify operations and generate cash after booking billions of dollars in losses. GE’s aviation business has also come under pressure from the worldwide grounding of Boeing’s 737 MAX, for which it makes engines.

“The extent of the changes which are underway at the managerial and board level over the past 12-18 months bode well for a possible turnaround in the company’s culture, and eventually, in the operations,” Barclays analysts said in a note.

 

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