GE names new SVP and CFO
By November 26, 2019 12:18

GE names new SVP and CFO

GE Aviation has appointed Carolina Dybeck Happe as its new senior vice president and chief financial officer, effective in early 2020.

Happe, previously CFO of A.P. Moller-Maersk, has vast experience which spans regulated and deregulated industries as well as short- and long-cycle businesses.

She spent 16 years at Assa Abloy, including seven as CFO, playing a key role in transforming the company from a regional player into a global, digitally enabled leader across multiple domains.

Over her tenure as CFO, she helped the company deliver total shareholder return of more than 160% and double-digit sales growth, profit growth, and return on invested capital.

Commenting on the change, GE Chairman and CEO H. Lawrence Culp said: “Carolina is a proven global CFO with a superior track record of delivering results and creating value. After a rigorous global search process, I’m excited to welcome Carolina to GE.

“She is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities. She will be a strong partner as we execute our deleveraging plan and improve our operating results to position GE for sustainable, long-term value creation.”   

As CFO, Happe will lead GE’s global finance organisation and financial activities including accounting and controllership, financial planning and analysis, tax, investor relations, internal audit, and treasury.

She will also lead GE’s digital technology and global operations functions. Happe will be based in GE’s Boston headquarters.

Commenting on her new role, Happe said: “I’ve admired GE’s team, technology, and global network and brand, and I am excited to join at a time of significant opportunity for the Company and its stakeholders. I look forward to working with Larry and the team to move GE forward on its financial, operational, and cultural transformation.”

As previously announced, Jamie Miller will transition from her current role as SVP and CFO, leaving the company following a smooth handover.
By November 26, 2019 12:18