GE has announced David Joyce, CEO of GE Aviation, will retire from the company after 40 years.
Joyce spent his entire career at GE Aviation, including 12 years as its president and CEO. He strategically invested in the business to enable a complete renewal of its product portfolio, including 10 different engine families, resulting in pioneering improvements in fuel efficiency, emissions and noise.
Joyce said: “My career at GE has been a lifelong gift I will always cherish. It has been a blessing to work alongside incredible GE colleagues and great customers around the world. I have always been surrounded by a culture that places a premium on harnessing the collective knowledge of such bright and talented people. I will be forever grateful for the opportunities GE gave me to learn and grow both professionally and personally.”
John Slattery, Embraer’s president and CEO of Commercial Aviation, has been named president and CEO-elect of GE Aviation, effective 13th July.
At GE Aviation, Slattery will run the supplier of commercial and military jet engines and services, as well as avionics, digital solutions, and electrical power systems for aircraft,
Slattery led Embraer’s largest business, Commercial Aviation, typically accounting for over half of the Group’s revenue and free cash flow as well as about 10,000 of its 18,000 employees.
He said: “I have long considered GE Aviation to be the leading aviation franchise in the world, and I am humbled to take the helm from David and lead this talented team forward. This is a time of unprecedented change in the aerospace industry yet also an opportunity to reimagine the future of flight and how we can best serve our customers.”