Carolina Dybeck Happe has been named as Senior Vice President and Chief Financial Officer (CFO) of GE. Her appointment would be effective early 2020. She is considered as a top-ranked CFO, and has been recognized by numerous leading publications and associations over the years. Presently, she is CFO and Executive Vice President of A.P. Moller-Maersk. She also serves on the Board of Directors of E.ON and Schneider Electric.
Earlier, the company had announced that the incumbent CFO, Jamie S. Miller will transition from her current role as SVP and CFO. She will exit the company following a smooth handover.
As CFO for GE, Carolina will operate out of GE’s Boston HQ, and she will lead GE’s global finance organization and financial activities including accounting and controllership, financial planning and analysis, tax, investor relations, internal audit, and treasury. She will also be responsible for GE’s digital technology and global operations functions.
GE Chairman and CEO H. Lawrence Culp, Jr., said, “Carolina is a proven global CFO with a superior track record of delivering results and creating value. After a rigorous global search process, I’m excited to welcome Carolina to GE. She is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities. She will be a strong partner as we execute our deleveraging plan and improve our operating results to position GE for sustainable, long-term value creation.”
Carolina has spent 16 years at Assa Abloy, including seven as CFO, playing a key role in transforming the company from a regional player into a global, digitally enabled leader across multiple domains. As CFO at Maersk, she has been instrumental in driving strategic and structural change amidst significant market disruption, including executing a substantial deleveraging plan and reshaping the company’s portfolio to deliver more profitable growth.
On the announcement of her appointment, she said, “I’ve admired GE’s team, technology, and global network and brand, and I am excited to join at a time of significant opportunity for the Company and its stakeholders. I look forward to working with Larry and the team to move GE forward on its financial, operational, and cultural transformation.”
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