All articles tagged with #larry culp
Cincinnati gained a new public company as General Electric split into two entities, GE Aerospace and GE Vernova, with GE Aerospace becoming Cincinnati's newest public company, led by CEO H. Lawrence Culp Jr., and headquartered in Evendale.
General Electric has completed its three-way split, with its aerospace and energy businesses now trading as separate entities on the New York Stock Exchange. The breakup, led by CEO Larry Culp, marks the end of an era for the industrial conglomerate, which faced struggles including the 2008 financial crisis and subsequent loss of its place in the Dow Jones Industrial Average. The move follows Culp's efforts to revitalize the company, with GE Aerospace estimated to have a market value of over $100 billion after the spinoff.
General Electric has completed its three-way split, with its aerospace and energy businesses now trading separately on the New York Stock Exchange. The breakup, initiated by CEO Larry Culp, marks the end of an era for the industrial conglomerate, which faced struggles including the 2008 financial crisis. The move follows the earlier spinoff of its healthcare business. GE Aerospace, now valued at over $100 billion, and GE Vernova are the two new entities resulting from the split.