FAIRFIELD, Conn.--06 October 2008-- GE Chairman and CEO Jeff Immelt today named Lorraine Bolsinger president and CEO of GE Aviation Systems, LLC. Immelt also announced that Steve Fludder has been named head of ecomagination, GE's sustainable business strategy, succeeding Bolsinger.
Bolsinger, 49, is a 27-year veteran of GE and since 2005 has served as vice president of ecomagination, which in 2007 reached $14 billion in revenues and $70 billion in orders.
Bucharest Moves Closer to EU Efficiency Standards
JENBACH, AUSTRIA---October 6, 2008---GE Energy today announced that developer S.C. VEST-ENERGO S.A. will install a 14-MW cogeneration gas engine plant in order to modernize its district heating facilities in Bucharest, Romania to help the country meet energy efficiency standards set by the European Union. The project will be powered by four of GE's most powerful Jenbacher "Type 6" gas engines. Two of the engines are GE's new J624 GS units that are the world's first commercial 24-cylinder gas engines.
LOUISVILLE, Ky.--(BUSINESS WIRE)--The GE ecomagination Homebuilder Program, introduced in May 2007, continues to build momentum as more builders and developers sign on. The program helps residential builders and developers design homes that are not only comfortable, but that result in the release of fewer household emissions and are more efficient in their energy consumption and indoor water consumption than industry-accepted average new homes.
FAIRFIELD, Conn., October 2, 2008 -- GE today announced that it priced an offering of 547,825,000 shares of its common stock at $22.25 per share. To the extent that the underwriters sell more than 547,825,000 shares of common stock, the underwriters have the option to purchase from GE up to an additional 82,173,750 shares.
GE Poised to Meet Region's Soaring Renewable Energy Needs
SALZBERGEN, GERMANY---October 1, 2008---GE Energy today announced it has already received more than one gigawatt of commitments for its 2.5xl wind turbine over the next year and a half. That represents enough clean, wind-generated electricity to meet the needs of more than one million German households.
