New successor for GE Power Conversion

GE Energy Management President and CEO Mark Begor announced the appointment of Stephan Reimelt as President and CEO of GE’s Power Conversion business, succeeding Joe Mastrangelo who has become President and CEO of Power Generation Products for GE Power & Water.

Power Conversion is at the heart of generating cleaner and more efficient power for multiple industries. It is a growing business, operating in 160 locations worldwide, with more than 7000 employees. Under Joe Mastrangelo’s leadership the backlog grew more than 70% in four years to reach US$3.5 billion, being a crucial cornerstone for what will become a US$13 billion Energy Management business when combined with Alstom Grid Solutions.

A larger platform

The company has repeatedly established the next generation of technology in fields such as renewables, oil, gas and marine. Power Conversion is opening new avenues with tidal energy, while making wind and solar more competitive for our customers and seamlessly integrated with the grid. Home to GE Marine, Power Conversion is optimising customer assets allowing them to operate more efficiently with an innovative predictive digital platform.

As President and CEO of Power Conversion, Stephan Reimelt will oversee global operations and their further expansion, as well as driving commercial growth. In his four years with GE, Stephan has been responsible for GE in Europe and prior to that for the energy portfolio in Germany. He has been leading a major commercial transformation in the company’s Power & Water, Energy Management and oil and gas businesses in Germany. Stephan has a wealth of industry and entrepreneurial experience from previous leadership positions at MAN Ferrostaal AG, Lurgi AG and also from having run his own mid-sized technological company.

Comments on the appointment

“In his time with the company Stephan has demonstrated his ability to deliver results by driving major transformations across our energy portfolio in Germany. His deep industry experience and relentless customer focus make him the right leader to drive growth for GE Power Conversion,” said GE Vice Chairman, John Rice.

“Stephan transformed GE in Germany and strengthened GE’s growth strategy and operations in Europe. He brings a wide range of industry and entrepreneurial experience to GE. His passion for technology, his global mind-set and customer focus will help GE Power Conversion continue to set the new industry standard,” said Energy Management President and CEO Mark Begor.

He will be based at the company’s headquarters in Paris.

Edited from source by Stephanie Roker

Published on 25/09/2015


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