General Electric extends CEO Culp’s employment agreement

By Syndicated Content Aug 20, 2020 | 4:13 PM

(Reuters) – General Electric Co said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.

The company’s board also approved a one-time equity performance grant to Culp, it said in a filing dated August 18. (https://bit.ly/31cOPL8)

Culp, who was hired in 2018 to replace CEO John Flannery, has since focused on improving General Electric’s free cash flow and cutting debt. (https://reut.rs/2YjMiwK)

(Reporting by Arunima Kumar in Bengaluru; Editing by Devika Syamnath)

Taiwan says China's military actions are greatest source of regional instability

3h ago

Xi to host 'old friend' Putin as China projects stable global role after Trump visit

3h ago

'I saw bad stuff', says 9-year-old who huddled in closet during California mosque attack

1h ago

At least two dead, four injured in southern Spain shooting

1h ago

Hungary's Magyar visits Poland on first tour abroad as PM, seeks to reset EU ties

2h ago

Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports

4h ago

General Electric extends CEO Culp’s employment agreement

On Air Now

Current Weather