GE Energy

GE Energy
Subsidiary
Industry Energy
Founded 2008 (2008)
Defunct 2012
Headquarters Atlanta, Georgia, United States
Area served
 Worldwide
Key people
 John Krenicki, Jr
(President & CEO)[1]
Products
Revenue US$ 37.1 billion (2009/10)[2]
Number of employees
 Approximately 82,000 (2011)[2]
Parent General Electric
Divisions GE Energy Management
GE Oil and Gas
GE Power and Water
Website www.ge-energy.com

GE Energy was a division of General Electric and was headquartered in Atlanta, Georgia, United States.[3] As of 2013, it is no longer an active division of GE and all operations are managed between GE Energy Management, GE Oil & Gas, and GE Power & Water.

History

In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure.

On March 29, 2011, GE Energy announced plans to acquire a 90% stake in Converteam for $3.2 billion.[4][5]

In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses:[6]

This move was seen as an effort to drive simplification and visibility in GE, and the reorganization was completed in October 2013.

Divisions

GE Energy was divided into the following divisions:[2]

See also

References

  1. ↑ "Company Information". GE Energy. Retrieved 15 April 2011.
  2. 1 2 3 4 "GE Energy Fact Sheet" (PDF). GE Energy. Archived from the original (PDF) on January 2, 2011. Retrieved 15 April 2011.
  3. ↑ GE Company Organization Chart
  4. ↑ "GE Energy To Buy 90% Stake In Converteam For $3.2B". Wall Street Journal. 29 March 2011. Archived from the original on April 7, 2011.
  5. ↑ Layne, Rachel (2011-03-29). "General Electric Agrees to Buy Converteam for $3.2 Billion". Bloomberg Business. Bloomberg Business. Retrieved 2015-10-29.
  6. ↑ Linebaugh, Kate (2012-07-20). "GE Shake-Up Will Audition New Leaders". The Wall Street Journal. The Wall Street Journal. Retrieved 2015-10-29. (subscription required (help)).
  7. ↑ "GE Energy - About Our Business". GE.


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