GE unit extends CEO contract through 2027


General Electric Co chief executive officer Larry Culp. — Bloomberg

NEW YORK: General Electric Co (GE) has agreed to keep chief executive officer Larry Culp in the top job at the aerospace manufacturer through at least 2027, removing him from the field of potential candidates to be Boeing Co’s next CEO.

Culp could helm the company, which operates as GE Aerospace, through 2028 if he and the board agree, the company said in a securities filing.

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