Our commitment to transparent performance reporting
Ezra Laurent is a mechanical engineer, but he likes to think like a sports coach. “I’m always asking questions,” he says. “What can we do better? How can we change things? Who are our best performers? What can we do differently?” But Laurent isn’t seeking to get an edge from elite athletes. He and his team are working to get the very best out of another group of powerful performers: a fleet of GE’s gas turbines that generate electricity for people around the world.
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GE Chairman and CEO Larry Culp said the company’s first-quarter results “marked a solid start to 2021” despite continued challenges in GE Aviation and a difficult comparison to last year. “I’m confident this sets us up well to deliver on our 2021 commitments and profitable growth for the long term,” he said.
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GE released its first quarter 2021 results today, and I encourage you to read the full materials and listen to our earnings call at 8:00 AM ET.
Key highlights on GE’s financial performance this quarter:
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Larry Culp has been on a mission to transform GE ever since he joined the company as chairman and CEO in late 2018. GE took another big step down the transformation path Wednesday by agreeing to combine its aircraft leasing business, GE Aviation Capital Services (GECAS), with Ireland’s AerCap. Valued at more than $30 billion, which includes $24 billion in cash and some $6 billion in a 46% stake in the combined business, the transaction will create one of the industry’s largest franchises leasing planes, engines and helicopters.
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Raheeq Al Harbi received nearly perfect grades in her secondary school exams. In Saudi Arabia, that usually means a career in medicine. Today, however, her career journey, spanning almost a decade in the digital healthcare industry, is a booming success, and did not involve going to medical school.
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Born in Bahrain, raised in Morocco and now based in Dubai, Fatin Rostam, a Senior Project Manager with GE Gas Power, is the epitome of the young, modern Arab woman, following her dreams and inspiring others around her every day. She’s willing to rise to any challenge and sees the opportunity in risk.
When she realized her management consulting job in Morocco was not the right fit, Fatin – just 24 at the time – jumped on a plane and headed to Dubai, with little more than an instinct that this was the right move.
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For Anum Arooj, who lost her father when she was just 12 years old, the real-life impact of her role as an environment, health and safety (EHS) specialist could not be clearer.
“I’m working for families in the community, ensuring we are providing a safe environment, one where employees can finish their day at the plant and return home to hug their children.”