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As of 2024, H. Lawrence (Larry) Culp Jr. is the Chairman and Chief Executive Officer of GE and Chief Executive Officer of GE Aerospace. Larry is GE’s twelfth CEO and eleventh Chairman. He joined the GE board of directors in April 2018 and was previously the CEO of Danaher Corporation from 2001 to 2014.
| Characteristics | Values |
|---|---|
| Full Name | Henry Lawrence "Larry" Culp, Jr. |
| Birth Date | March 1963 |
| Nationality | American |
| Role | Chairman and CEO of GE and CEO of GE Aerospace |
| Education | Bachelor's degree from Washington College, MBA from Harvard Business School |
| Previous Roles | Senior lecturer at Harvard Business School, Senior advisor at Bain Capital Private Equity, Non-executive director of T. Rowe Price, President of Danaher Corporation, Group Executive and Corporate Officer at Danaher Corporation, Executive Vice President at Danaher Corporation, Chief Operating Officer at Danaher Corporation, President and CEO of Danaher Corporation |
| GE Tenure | Joined GE Board of Directors in April 2018, Appointed CEO in 2020 |
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H. Lawrence Culp, Jr. is the current CEO of General Electric
H. Lawrence Culp, Jr., also known as Larry, is the current Chairman and Chief Executive Officer of General Electric (GE) and Chief Executive Officer of GE Aerospace. He is the twelfth CEO and eleventh Chairman of GE. Culp joined the GE board of directors in April 2018. Notably, he is the first outsider to run GE in the company's 126-year history.
Prior to joining GE, Culp worked at Pall Corporation and Danaher Corporation in Washington, D.C. He joined Danaher in 1990 and became its CEO from 2001 through 2014. During his tenure at Danaher, he held various leadership roles, including President of the company, group executive, corporate officer, and Executive Vice President.
Culp's educational background includes a bachelor's degree from Washington College and an MBA from Harvard Business School. He also previously served as a senior lecturer at Harvard Business School, focusing on leadership, strategy, and general management in the MBA and executive education programs.
In terms of compensation, Culp's pay package at GE has attracted attention, with a reported value of up to $21 million per year for four years. His package includes elements tied to stock price increases, with significant bonuses for substantial rises.
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Culp is also the CEO of GE Aerospace
H. Lawrence "Larry" Culp, Jr. is the current Chairman and CEO of General Electric (GE) and CEO of GE Aerospace. Culp is the twelfth CEO and eleventh Chairman of GE, and the first outsider to run the company in its 126-year history.
Culp joined the GE board of directors in April 2018. Prior to joining GE, he worked at Pall Corporation and Danaher Corporation in Washington, D.C., where he served as CEO from 2001 to 2014. Culp has also held positions as a senior lecturer at Harvard Business School, a senior advisor at Bain Capital Private Equity, and a non-executive director of T. Rowe Price.
In 2020, Culp was offered a two-year contract extension by the board of General Electric, lasting until August 2024. In June 2022, he extended his role as CEO of GE Aviation, in addition to his role as CEO of GE. Following the spin-off of GE HealthCare from GE in January 2023, Culp was appointed as its non-executive chairman.
GE Aerospace, a division of GE, recently announced plans to invest $650 million in its manufacturing facilities and supply chain to increase production. The company's engines power roughly two-thirds of U.S. military aircraft, and it is a leading provider of aircraft jet and turboprop engines and aircraft systems. GE Aerospace has a strong focus on sustainability, with initiatives such as Aerospace Carbon Solutions (ACS) working on the outside-the-engine decarbonization of the aviation sector.
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He is the first outsider to run GE in its 126-year history
H. Lawrence "Larry" Culp, Jr. is the current chairman and CEO of GE Aerospace. He is also the CEO of GE Aviation and the non-executive chairman of GE HealthCare. Culp is the first outsider to run GE in the company's 126-year history.
Culp joined the GE board of directors in April 2018. 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. During his time at Danaher, Culp also held various other positions, including President, group executive, corporate officer, and Executive Vice President. In addition, he was a senior lecturer at Harvard Business School, focusing on leadership, strategy, and general management.
As the first outsider to lead GE, Culp has brought about significant strategic changes. He has recruited several key executives from outside the company, including GE Aviation CEO John Slattery, CFO Carolina Dybeck Happe, and head of human resources Kevin Cox. In November 2019, he announced plans to split GE into three separate publicly traded companies focused on aviation, healthcare, and power. This decision marked a major shift for the iconic industrial giant, which had been struggling with poor performance, missed profit and cash-flow goals, and regulatory probes prior to Culp's arrival.
Culp's appointment as CEO of GE has attracted attention due to his substantial pay package, which includes a potential bonus of up to $47 million. However, his leadership has also faced pushback from shareholder advisers regarding the size of his compensation.
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GE is an American multinational conglomerate founded in 1892
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in the state of New York, with its headquarters in Boston. Over the years, GE has diversified into several industries, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance.
GE has a long history of innovation and has been a prominent player in various industries. The company has made significant investments in research and development, particularly in clean technology and renewable energy sources. In 2005, GE launched its "Ecomagination" initiative, aiming to develop environmentally friendly products and technologies, such as solar energy, hybrid locomotives, and fuel cells. This initiative brought about 70 green products to the market by 2008.
GE has also been recognised for its marketing and advertising campaigns. In 1981, the company won a Clio award for its "30 Soft White Light Bulbs" commercial, featuring the slogan "We Bring Good Things to Life." This slogan has become synonymous with the company and has been used in various forms over the years.
GE has faced some challenges and criticism over the years, particularly regarding its environmental impact and nuclear weapons involvement. Despite this, GE has consistently ranked highly in terms of revenue and profitability. In 2020, it was listed as the 33rd largest firm in the United States by gross revenue in the Fortune 500.
As of my last update in October 2024, the current CEO of GE is H. Lawrence (Larry) Culp, Jr. Culp is the twelfth CEO and eleventh Chairman of GE and the first outsider to run the company in its history. He joined the GE board of directors in April 2018 and has extensive business experience, previously working at Pall Corporation and Danaher Corporation.
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GE ranked 33rd in the 2020 Fortune 500 list
H. Lawrence "Larry" Culp Jr. is the current CEO of General Electric (GE). He joined the GE board of directors in April 2018 and became CEO in 2018. He is the first outsider to run GE in the company's 126-year history.
GE, an American multinational conglomerate, was founded in 1892 and is headquartered in Boston. Over the years, the company has had multiple divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance.
In 2020, GE ranked 33rd in the Fortune 500 list of the largest firms in the United States by gross revenue. This was a significant drop from its ranking of 11th in 2016 and 6th in 2011. The company's profitability collapsed, and it severely underperformed the market by about 75%.
GE's appearance on the 2020 Fortune 500 list is notable given the challenges the company faced in the preceding years. The company's revenue took a significant hit due to restrictions on air travel during the COVID-19 pandemic. To address these financial setbacks, GE's CEO, Larry Culp, announced in November 2021 that the company would be broken up into three separate, publicly traded entities by 2024. The three companies are GE Aerospace, GE HealthCare, and GE Vernova.
The 2020 Fortune 500 list represented approximately two-thirds of the United States' gross domestic product, with a collective revenue of $14.2 trillion, profits of $1.2 trillion, and a total market value of $20.4 trillion. The list has undergone significant changes since 1994 when Fortune changed its methodology to include service companies, resulting in 291 new entrants, including three in the top 10.
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Frequently asked questions
H. Lawrence (Larry) Culp, Jr. is the Chairman and CEO of GE and CEO of GE Aerospace.
Culp is an American business executive. He previously worked at Pall Corporation and Danaher Corporation, joining the latter in 1990 and serving as its CEO from 2001 to 2014. He joined the GE board of directors in April 2018.
Culp's pay package has attracted attention, with a base pay of up to $21 million per year for four years. His package also includes bonuses tied to stock price increases, with potential earnings of $47 million for a 50% rise.
