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General Electric extends CEO Culp's employment agreement

Published 08/20/2020, 05:14 PM
Updated 08/20/2020, 05:15 PM
© Reuters. FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston

(Reuters) - General Electric Co (N:GE) said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.

The company's board also approved a one-time equity performance grant to Culp, it said in a filing dated August 18. (https://

Culp, who was hired in 2018 to replace CEO John Flannery, has since focused on improving General Electric's free cash flow and cutting debt. (https://reut.rs/2YjMiwK)

© Reuters. FILE PHOTO: The General Electric Co. logo is seen on the company's corporate headquarters building in Boston

Latest comments

just get auction house and pay them, culp has done nothing but sell off divisions and watch the stock go from 13 to 6, tome to break up and salvage what little left for share holders, because if they dont ge shares will be a nickle in 5 years
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