GE (NYSE: GE) appointed Lorenzo Simonelli as president and CEO of GE Oil & Gas, the company announced Sept. 18.
Simonelli, who currently leads GE Transportation, succeeds Dan Heintzelman as he takes the position of vice chairman of GE. Russell Stokes will succeed Simonelli as president and CEO of GE Transportation. The appointments are effective Oct. 1.
Heintzelman, 56, has been president and CEO of GE Oil & Gas since 2011. Prior to that, he was president and CEO, GE Energy Services. Previously, he led services at GE Energy and GE Aircraft Engines. He joined GE in 1979 and was appointed a GE company officer in 2000.
“In his 34 years at GE, Dan has led some of our largest high-technology services and manufacturing teams,” Jeff Immeltm, GE chairman and CEO, said in the release. “He will work across GE’s industrial business to further strengthen our services, advanced manufacturing and product development capabilities.”
Simonelli, 40, is a 19-year GE veteran and has been president and CEO of GE Transportation since 2008. He joined GE in 1994 and is a graduate of GE’s financial management program. Simonelli served as CFO Americas for consumer and industrial, and has held leadership positions for appliances, lighting, electrical distribution and motors.
“Lorenzo transformed GE Transportation from a North American ‘rail’ business to a global transportation equipment and solutions provider,” Immelt said. “His passion for technology, his global mindset and customer focus will help GE Oil & Gas continue to grow.”
Stokes, 42, will succeed Simonelli as president and CEO, GE Transportation. A 16-year GE veteran, Stokes most recently was vice president of global services at Transportation. Previously, he was general manager for GE Aviation’s global sourcing organization and has held finance, risk and business development roles in Aviation and Lighting. He was named a company officer in 2012.
“Russell has led the evolution of our services model; combining technology, software and analytics, which has improved outcomes for customers,” Immelt said. “His expertise in services and analytics will help us continue growth at GE Transportation.”
General Electric Co. (GE) operates as an infrastructure and financial services company worldwide. The company is headquartered in Fairfield, Conn.