UPDATE 2-GE names accounting, turnaround experts to board [Reuters (UK)]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Reuters
GE names accounting, turnaround experts to board | Reuters 2 Min Read (Reuters) - U.S. industrial conglomerate General Electric Co ( GE.N ) nominated top aviation and industrial executives and an accounting expert to its streamlined board of directors on Monday as it takes aim at further restructuring. The nomination of Leslie F. Seidman, a former chairman of the Financial Accounting Standards Board, came after GE unveiled a $6 billion charge related to its insurance businesses and, on Friday, said it would restate results for 2016 and 2017 because of accounting changes. The other two appointees are Thomas Horton, who oversaw the restructuring and merger of American Airlines with US Airways, and Lawrence Culp Jr., who as former CEO of Danaher Corp transformed the company from a manufacturer into a science and technology firm. Chief Executive John Flannery has promised to revamp GE into a leaner company by exiting several businesses and the company has already announced a series of c
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