GE Aerospace announced it has extended Chairman and CEO H. Lawrence Culp Jr.’s term until at least December 2027, with the possibility of further extension to 2028. Culp’s prior agreement was set to expire in August 2024.
Culp’s leadership was credited with the successful launch of GE Aerospace as an independent company in April 2024. He previously oversaw GE’s transformation, reducing debt by over $100 billion and implementing a lean approach focused on safety, quality, and efficiency. These efforts are seen as crucial to the success of GE Aerospace, GE Vernova, and GE HealthCare as separate entities. A company press release stated that these companies have collectively increased shareholder value by nearly fivefold since the transformation began.
GE Aerospace Lead Independent Director Tom Horton said, “Larry has proven to be an extraordinary Chairman and CEO for GE and now GE Aerospace, and the Board is excited to have secured his leadership during this important time in the industry.”
A lifelong aviation enthusiast, Douglas Royce is currently co-editor of four of Forecast International's Market Intelligence Services: Civil Aircraft Forecast, Military Aircraft Forecast, Rotorcraft Forecast, and Aviation Gas Turbine Forecast. As such, he plays a key role in many important projects that involve market sizing and forecasting for various segments of the world aerospace industry, as well as demand for related systems.
