BOSTON — General Electric on Monday revealed new details of the previously announced plan to reorganize its GE Power business.
As disclosed Oct. 30, GE will split Power into two businesses: GE Gas Power, consisting of Gas Power Systems and Power Services, and GE Power Portfolio, consisting of the Steam, Grid Solutions, Nuclear and Power Conversion businesses.
The large factory campus at the foot of Erie Boulevard in Schenectady is heavily involved in the development and production of steam turbines and generators. General Electric was born in Schenectady in 1892 and as recently as 2017 called the city the headquarters for GE Power. But earlier this year it said no one location could be considered the headquarters of the worldwide operation.
On Monday the company said it is consolidating and simplifying the headquarters structure of the two Power businesses and said the leaders will report directly to CEO H. Lawrence Culp Jr.
Those leaders are:
- John Rice, retired GE vice chairman, who will return to serve as the chairman of the GE Gas Power business;
- Scott Strazik, currently president of Power Services, who will be CEO of th GE Gas Power business;
- Russell Stokes, currently CEO of GE Power, who will be named CEO of GE Power Portfolio.