Ah, sorry but all the newly appointed John leadership needs to be shown the door now. Also, KPMG needs to be shown the door. We all are tired of the quarter after quarter of non-predicted write-offs from Power and elsewhere. Culp has some more big decisions to make. He needs to spend some time visiting every GE Power location and decide for himself if the overheard being spent makes sense for the potential forward forecast of sales. More consolidation is needed. Don't forget the longer this process takes the more market share is lost to the competition. Also, put someone in charge of Power that knows the business. This not someone from outside. It needs to be inside veteran that know their sh_t. There simply too much at risk. It is GE largest potential money maker down the road if run correctly. If this is not corrected soon Culp will be next.
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Nugent is a manufacturing / supply chain man... but does not know the first thing about GTs. So yes he’s got to go as well.
Abate is a clown and is responsible for most of he problems GE is facing/will face on H-class machines. Show him the door.
Fire Stokes, Strazik, Nugent. All useless finance bean counters, who do not know the first thing about market, products, customers. Toxic bunch. They have to go as well. The earlier the better.
Well, well you are scared of the VA ? He would be an interesting selection to say the least. He does know GE Power and he knows who to kick in the a$$ to get the business on the right track. That would be poetic justice to people that hate him at Power. Not sure he will last at GRC for long. We all know his track record and there was reason for him leaving power. Some of that was ML not wanting others to have his role at GRC. I will leave it that..
-WlP:
" It needs to be inside veteran that know their sh_t. " Hello is your name Vic Abate? Take a close look at what he REALLY did in his last go around at power...give him all the credit for not understanding the changing market (ie renewables) and going all-in on H technology that looked great but was too late and too expensive.