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GE names China CEO Hutchinson to run Alstom's energy business

  • GE appoints Mark Hutchinson, who has been the company's chief executive for greater China since 2011, to integrate the energy business it is acquiring from Alstom.
  • Like many top GE execs, Hutchinson has cycled through different roles within the company; before heading GE's China unit, he oversaw European and Asian real estate operations, built a European capital markets team as president of GE Capital Real Estate, and led GE's global securitization and loan syndication team from New York.
  • Hutchinson's China role will be succeeded by Rachel Duan, who previously was head of GE's healthcare business in China.
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Comments (4)
  • User 25472003
    , contributor
    Comments (6) | Send Message
     
    Does anyone have a short and concise opinion on why GE's, a global giant, stock price does not appreciate?
    4 Jul 2014, 08:43 AM Reply Like
  • hhess13892
    , contributor
    Comments (396) | Send Message
     
    GE is being priced based on it's past, not it's future.
    4 Jul 2014, 12:07 PM Reply Like
  • Felix Lumpe
    , contributor
    Comments (565) | Send Message
     
    Personally I believe it us due to a long standing lack of confidence in their CEO and a lackluster BOD. Much of the CEO confidence was destroyed in 2008 when the CEO stated that the stock dividend was safe and then a month later it was slashed by 75%. Ancient history, I know, but the guy is still the CEO.
    4 Jul 2014, 06:28 PM Reply Like
  • Shaduc
    , contributor
    Comments (1836) | Send Message
     
    The credibility comes as Buffett invested (and greatly profited) in GE to carry it out of this time.

     

    Too bad the US Govt wasn't so wise!
    4 Jul 2014, 06:37 PM Reply Like
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