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GE brings back former executive to troubled power business

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GE brings back former executive to troubled power business
FILE PHOTO: General Electric (GE) Vice Chairman John Rice attends the GE Minds and Machines Summit in Shanghai, China July 20, 2016. REUTERS/Aly Song/File Photo   -   Copyright  Aly Song(Reuters)
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(Reuters) – General Electric Co <GE.N> is bringing back former vice chairman John Rice to the conglomerate as chairman of its revamped gas power business, the company said on Monday.

GE also named Scott Strazik chief executive officer of the business and Russell Stokes the CEO of the power portfolio unit.

Strazik is currently the president of GE’s power services business and Stokes the CEO the power business.

Last month, GE vowed to restructure its troubled power unit. Rice retired last December.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

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