Peter Stracar has been appointed as CEO for GE in Central and Eastern Europe (CEE) as of 1st January, 2013 where the company employs approximately 26,000, has 18 factories, 5 technology centers and 3 banks.
CEE is an important region for GE, which today represents a $4.5 billion market for the company. It is also a major technology, engineering and manufacturing location for GE’s aviation, energy and healthcare businesses. The modernization needs of the region’s infrastructure, its drive to increase competitiveness and GE’s deep presence here make CEE a key growth market for the company. Peter Stracar is to drive growth building on GE’s key partnerships in the region.
Prior to joining GE, Peter Stracar was President of Asia Pacific, Hilti Corporation based in Hong Kong as his last assignment of an 18-year-career at Hilti Corporation. Prior to his current role, he was Vice President of Middle East and Africa. During his tenure at Hilti, he also held senior positions in Czech Republic, Liechtenstein and Hungary.
Born in Czech Republic in 1965, Mr. Stracar holds a Master’s Degree in Electronic Engineering & Computer Science from the Technical University of Kosice/Slovakia, and started his career at IBM Eastern Europe in Vienna and Prague.