GE reaches outside its ranks for a new female CFO:
ASSOCIATED PRESS
Culp didn’t know Dybeck Happe before the search to fill the CFO position, which was announced in July, said Nicholas Heymann, an analyst with investment bank William Blair. But Culp saw a reflection of his own strategy for GE in Dybeck Happe’s work, including her support for smaller, central corporate teams and tight control of costs, Heymann said.
“We applaud CFO Jamie Miller for capably managing the role through what was arguably the toughest period in the company’s history,” said Deane Dray, a RBC analyst, in a client note on Monday. “Miller has been forced to make many tough decisions, including multiple dividend cuts, a $15 [billion] insurance reserve shortfall, write-downs of legacy Alstom businesses, a pension plan freeze, and many others.
GE, once synonymous with American manufacturing might, was founded in 1892 after the merger of the company of inventor Thomas Edison and the Thomson-Houston company and was one of the firstThe company has stumbled in recent years, slashing it dividend, missing profit targets and facing criminal and regulatory probes into its accounting practices.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tesla, GE and Uber make list of the most divisive stocks on Wall StreetThe stocks that deeply divide Wall Street analyst opinions — led by Tesla.
Lire la suite »
Here's how much money A's made from playoff shares in 2019Here's How Much Money The A's Made From Playoff Shares In 2019 (via NBCSAuthentic)
Lire la suite »
Fiat Chrysler, UAW reach new tentative labor dealFiat Chrysler and the United Auto Workers have reached a tentative deal on a new labor contract amid tumultuous times for both sides.
Lire la suite »
All 59 Marvel Movies Ranked Worst to BestThree Hollywood Reporter critics rank all Marvel-inspired films from 'Man-Thing' to the best.
Lire la suite »
Which Deli Sandwich Is the Healthiest?For your next late-night deli run
Lire la suite »
Tesla, GE and Uber make list of the most divisive stocks on Wall StreetThe stocks that deeply divide Wall Street analyst opinions — led by Tesla.
Lire la suite »