GE Announces 2018 Board of Directors Slate; Includes Three New Directors
FEB 26, 2018 - 7:04 am
General Electric announced the company’s slate of director candidates for the 2018 annual meeting of shareowners. The new board of directors will consist of 12 directors, including three new candidates, consistent with the company’s previously announced plan to reduce the size of its board.
The three new candidates are Leslie F. Seidman, former chairman of the Financial Accounting Standards Board; H. Lawrence Culp Jr., CEO of president of Danaher Corporation and Thomas W. Horton, chairman and CEO of American Airlines.
Sébastien M. Bazin, W. Geoffrey Beattie, John J. Brennan, Francisco D’Souza, John L. Flannery, Edward P. Garden, Risa Lavizzo-Mourey, James J. Mulva and James S. Tisch are the nine incumbent directors who will stand for reelection. Jack Brennan will stay on as lead director to facilitate the transition to a new lead director and new board leadership in the coming year and will not stand for reelection in 2019.
“The 2018 board slate aligns the board with the future of the company. We are adding proven world-class expertise in capital allocation, aviation, accounting and financial reporting,” Brennan said. “The new board is unified in its mission to work with John Flannery and GE’s senior leadership team to drive the company’s focus on superior performance and to maximize the long-term value of GE’s world-class businesses for our shareowners. The smaller board will also help to promote the heightened engagement and sense of accountability that we want to drive at every level of the company.”
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