- John Flannery named GE's Senior Vice President for business development
Gurgaon, Feb 8, 2013 -- General Electric Company Vice Chairman John Rice today announced the appointment of Banmali Agrawala as President and CEO of GE's business operations in India. Effective April 1, 2013, Agrawala will succeed John Flannery who will move to the United States to take the role of Senior Vice President for business development reporting directly to the CEO, Jeffrey Immelt.
All GE's business leaders in the country including the GE energy businesses will report directly to Banmali, who will report to GE Vice Chairman John Rice.
"India is a key market for GE, one where we have been doing business for over a hundred years. Under John Flannery's leadership, we have built a strong local team and positioned ourselves well for the future. Our businesses in India have grown significantly in the past 3 years. I am confident that Banmali will build on that good work; we are optimistic about India and see plenty of opportunity for growth across all our main businesses" Rice said.
Before joining GE, Banmali was with Tata Power Company Limited, where he was the Executive Director for Strategy and Business Development and also served on the board of directors of the company. From 1987 to 2008, Banmali was with Wartsila, holding several leadership positions in both India and Europe, and ultimately serving as the Managing Director of Wartsila India Limited over a five year period.
Flannery, 51, has been President and CEO of GE India since 2009. Flannery will succeed Pamela Daley who is retiring after 24 years with GE.
About GE's presence in India:
Present in India since 1902, GE works to innovate, partner and develop technology solutions in energy, healthcare, infrastructure and financial services that improve the quality of life in the country. With about 15,000 employees, GE's imagination is taking the nation to the future with ideas designed and developed in India - for India and for the rest of the world.
With around 6000 engineers, GE's research centers in Bangalore, Hyderabad, Mumbai and Chennai are developing new technologies for both India and the world while the 13 local manufacturing and service facilities bring products, services and technologies closer to the customers. GE in India has partnered with a number of Indian companies to develop localized solutions, meeting the needs of the country. Committed to social development across the world, GE in India is closely engaged with local communities on social and environmental issues. For more information visit us at www.ge.com/in
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com
Rachana Panda
GE GG&O GE India - Growth
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