Wiktor Wise
Henry Lawrence Larry Culp Jr. is the current chairman and CEO of GE Aerospace, a subsidiary of General Electric. He joined the GE board of directors in April 2018 and became CEO of GE Aerospace in July 2022. Larry Culp is the first outsider to run GE in the company's 126-year history. He previously worked at Pall Corporation and Danaher Corporation, where he served as President and CEO from 2001 to 2014.
| Characteristics | Values |
|---|---|
| Name | Henry Lawrence "Larry" Culp, Jr. |
| Birth | March 1963 |
| Education | Bachelor's degree from Washington College, MBA from Harvard Business School |
| Current Role | Chairman and CEO of GE Aerospace |
| Previous Roles | Group Executive and Corporate Officer, Executive Vice President, Chief Operating Officer, President and CEO of Danaher Corporation |
| Recognition | Ranked as a top CEO in surveys by Institutional Investor, Harvard Business Review, and Barron's |
| Family | Married with three children |
Explore related products
What You'll Learn
The current CEO of General Electric is H. Lawrence Culp, Jr
Culp was born in March 1963 and raised in the Washington, D.C. area. He is the son of a small welding company owner. Culp earned a bachelor's degree from Washington College and an MBA from Harvard Business School.
Before joining General Electric, Culp worked at Pall Corporation and Danaher Corporation in Washington, D.C. He joined Danaher in 1990 via the subsidiary Veeder-Root and became President of the company in 1993. In 1995, he was appointed Group Executive and Corporate Officer, with responsibility for Danaher's Environmental and Electronic Test and Measurement platforms. He also served as President of Fluke and Fluke Networks. In 1999, he became Executive Vice President of Danaher, and in 2000, he was appointed Chief Operating Officer. Culp was named President and CEO of Danaher in 2001 and served in this role until 2014.
Culp joined the General Electric board of directors in April 2018. In 2020, he was offered a two-year contract extension by the board, lasting until August 2024. In June 2022, in addition to his role as CEO of GE Aerospace, Culp extended his role as CEO of GE Aviation. Following GE HealthCare's spin-off from General Electric in January 2023, he was appointed as its non-executive chairman.
Simple Home Hacks to Save Electricity and Money
You may want to see also
Explore related products
$74.47 $97.99
Culp is also the chairman of GE
Henry Lawrence "Larry" Culp, Jr. is the current chairman and CEO of GE Aerospace, a subsidiary of General Electric. He is the first outsider to run GE in the company's 126-year history.
Culp has a long history in business leadership. Prior to joining GE, he worked at Pall Corporation and Danaher Corporation in Washington, D.C. He joined Danaher in 1990 and served as its CEO from 2001 to 2014. In April 2018, he joined the GE board of directors.
Culp's educational background includes a bachelor's degree from Washington College and an MBA from Harvard Business School. He also served as a senior lecturer at Harvard Business School, focusing on leadership, strategy, and general management in the MBA and executive education programs.
In July 2022, Culp became the CEO of GE Aerospace, and in April 2023, he became the chairman. He also extended his role as CEO of GE Aviation in June 2022. Following GE HealthCare's spin-off from GE in January 2023, Culp was appointed as its non-executive chairman.
Culp has received recognition for his leadership at GE. Investors and analysts consistently rank him as one of the top CEOs in annual surveys. He has also been named one of the top 50 CEOs in the world by the Harvard Business Review and one of the top 25 CEOs by Barron's multiple times.
Wall-Mounted Electric Fireplaces: Are They Safe?
You may want to see also
Explore related products
He previously worked at Pall Corporation and Danaher Corporation
Henry Lawrence "Larry" Culp Jr., the current chairman and CEO of GE Aerospace, previously worked at Pall Corporation and Danaher Corporation. Born and raised in the Washington, D.C. area, Culp joined Danaher Corporation in 1990 via the subsidiary Veeder-Root, and became President of that company in 1993. In 1995, he was appointed Group Executive and Corporate Officer, with responsibility for Danaher's Environmental and Electronic Test and Measurement platforms while also serving as President of Fluke and Fluke Networks.
Culp was named Executive Vice President in 1999, Chief Operating Officer in 2000, and finally President and CEO of Danaher Corporation in 2001, a position he held until 2014. During his tenure at Danaher, he was recognised for his leadership and business acumen, with Harvard Business Review naming him one of the Top 50 CEOs in the world.
Culp's early career provided him with valuable experience in the business world, which he would later bring to his role at GE. After his time at Danaher, Culp joined the GE board of directors in April 2018, becoming the first outsider to run GE in the company's 126-year history. In June 2022, he extended his role as CEO of GE Aviation, and following GE HealthCare's spin-off from GE in January 2023, he was appointed as its non-executive chairman.
Culp's leadership at GE has been marked by a focus on innovation and manufacturing, as well as navigating the challenges posed by the COVID-19 pandemic, which significantly impacted the company's revenue. In 2021, he announced that General Electric would be broken up into three separate, public companies by 2024, with GE Aerospace as its legal successor.
Electric Fence and Gate: Easy Connection Guide
You may want to see also
Explore related products
Culp is the first 'outsider' to run GE in its history
H. Lawrence "Larry" Culp, Jr. is the current chairman and CEO of GE Aerospace, a role he has held since 2018. He is also the non-executive chairman of GE HealthCare following its spin-off from GE in January 2023. Notably, Culp is the first outsider to run GE in its 126-year history.
Culp was born in March 1963 and raised in the Washington, D.C. area. His father owned a small welding company. After obtaining a bachelor's degree from Washington College and an MBA from Harvard Business School, Culp began his career at Danaher Corporation in 1990 via the subsidiary Veeder-Root. He quickly rose through the ranks, becoming President of Veeder-Root in 1993 and a group executive and corporate officer in 1995. In 2001, he was appointed CEO of Danaher, a role he held until 2014.
Culp joined the GE board of directors in April 2018. Later that year, in October, he was appointed CEO of General Electric, replacing John Flannery. Culp became CEO during a challenging time for the company, which was struggling under a significant debt burden and had seen investors flee following a costly acquisition bet made by one of his predecessors. Despite initially turning down the CEO role twice, Culp accepted the position and negotiated a multimillion-share incentive package linked to GE's share price.
Culp's appointment as the first outsider to lead GE was well-received by investors, with GE's shares jumping 7% following the announcement. Analysts suggested that Culp, as an outsider, would be able to make the difficult decisions necessary to tackle the company's problems and transform its portfolio. Since then, Culp has delivered strong performance, meeting the goals to receive the maximum payout from his long-term incentive package.
Torque Screwdriver Calculations: Understanding Electrical Torque
You may want to see also
Explore related products
Past CEOs include Jeff Immelt and Jack Welch
H. Lawrence Culp Jr. is the current CEO of General Electric. Past CEOs include Jeff Immelt and Jack Welch.
Jeff Immelt was appointed CEO of General Electric in 2001, four days before the September 11 attacks, which cost GE's insurance division $600 million and directly impacted the company's Aircraft Engines sector. During his time at GE, Immelt earned a reputation as one of America's top CEOs and a leading proponent of diversity in the workplace. He was ranked 50th in the list of 500 Most Influential CEOs by Richtopia in 2015 and was honoured with an Edison Achievement Award in 2017 for his commitment to innovation.
Immelt's executive compensation fluctuated significantly throughout his tenure. In 2007, he received a total compensation of $14,209,267, which decreased to $5,717,469 in 2008. In 2010, his compensation nearly tripled to $15.2 million, and over a five-year period from 2007 to 2011, his total compensation amounted to $53.82 million.
Jack Welch was the Chairman and CEO of General Electric from 1981 to 2001. During his tenure, Welch increased the market value of GE dramatically, from $14 billion to $410 billion, and was dubbed "Manager of the Century" by Fortune in 1999. Welch's legacy is, however, considered polarizing. Critics argue that his cut-throat work culture contributed to decreased job stability in the United States and negatively influenced corporate America. Welch received a severance payment of $417 million when he retired, the largest such payment in business history at the time.
Fixing Graco Upright Swing Electrical Issues: DIY Guide
You may want to see also
Frequently asked questions
Henry Lawrence "Larry" Culp Jr. is the current chairman and CEO of GE Aerospace.
Yes, Culp was the CEO of Danaher Corporation from 2001 to 2014.
Larry Culp became CEO of GE Aerospace in July 2022.
