GE names 'multi-dimensional' board of directors for Vernova energy spin-off
Former Linde CEO to serve as non-executive chairman of business due for 2024 public debut
General Electric has announced the members of the board for its GE Vernova energy business ahead of its planned spin-off as a standalone company.
GE Vernova CEO Scott Strazik claimed the directors add up to a “multi-dimensional energy transition leadership and strong management and governance experience” as it gears up for a spin-off early next year.
Alongside Strazik, GE Vernova has lined up Stephen Angel, former chief executive of industrial gases giant Linde and before that a long-serving GE veteran, to serve as non-executive chairman.
• Nicholas Akins, former chairman and CEO of AEP
• Arnold Donald, former president and CEO, Carnival
• Matthew Harris, founding partner of Global Infrastructure Partners
• Jesus Malave, CFO, Lockheed Martin
• Paula Rosput Reynolds, CEO, PreferWest and former CEO of Safeco and AGL Resources
• Kim Rucker, former general counsel at Andeavor and Kraft Foods Group
• Jessica Uhl, former CFO, Shell
Vernova forms part of a wider plan for a three-way split of the former industrial conglomerate’s energy, healthcare and aviation interests.
GE has faced a massive challenge in returning its renewables operation to profitability.