Chief exec of GE Aviation to step down

GE has announced that David Joyce, president and chief executive of GE Aviation, will retire after 40 years working for the firm, and he will be replaced by John Slattery, Embraer’s chief executive of Commercial Aviation. Slattery’s appointment becomes effective July 13. GE chairman and chief executive Larry Culp said that over his career, Joyce’s leadership had established GE Aviation as the world’s foremost aircraft engine franchise . “We worked hard to find a worthy successor to Joyce. In Slattery, we have found a proven aerospace leader whose international commercial experience, strategic acumen, and industry expertise can make our leading