GE’s board of directors named David Joyce a company vice chair leading GE Aviation and additive manufacturing. GE Aviation is a provider of jet, turboshaft, turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft.
Additionally, Joyce will lead GE’s efforts to establish and grow an additive manufacturing equipment, materials and services business. He also will help accelerate additive manufacturing applications across GE.
“Under David’s leadership, GE Aviation has experienced a period of unprecedented growth and expansion. The business’ revenues grew from $19 to $25 billion and the installed base climbed to 62,000 engines in his eight years at the helm,” said Jeff Immelt, GE chairman and CEO. “His leadership and GE Aviation’s success in additive manufacturing will be impactful across GE.”
Last week, GE announced plans to acquire two suppliers of additive manufacturing equipment (SLM Solutions Group AG and Arcam AB) for $1.4 billion. Both companies will report to Joyce. GE expects to grow its additive business to $1 billion by 2020 and also expects $3 billion to $5 billion of GE product cost-out across the company over the next 10 years.
Joyce has spent his career at GE Aviation, gaining knowledge through a series of technical and leadership roles, and influencing the design and launch of GE’s most innovative and popular engines over the past three decades. After 15 years growing his career in advanced design and product development, he was promoted to general manager leading the Customer & Product Support organization supporting a global fleet of more than 500 customers.
He went on to run the small commercial engine operations, and in 2003 was named a GE company officer responsible for the commercial engine portfolio as the VP of Commercial Engine Operation. In 2008 he was named president and CEO of GE Aviation.
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