GE Reorganizes Top Level
FAIRFIELD, Conn. (AP) _ General Electric Co. is reorganizing its upper management by expanding its corporate executive office and eliminating four lower-level positions.
The changes take effect Jan. 1.
GE said in a statement Tuesday that Paul Van Orden, currently one of four sector executives who report to Chairman John F. Welch Jr. and two vice chairmen, will join them in the executive office as corporate executive vice president.
Van Orden had been sector executive of GE’s consumer products businesses.
Under the reorganization, the sector executives’ positions are being eliminated, GE said. James A. Baker, one such executive, will retire while two others, John Urquhart and Louis Tomasetti, will become senior vice presidents within other divisions.
Urquhart oversees GE’s power systems group and will be a senior vice president there; Tomasetti, in charge of international businesses, will move to the company’s aerospace group.
Welch said in a statement that the changes are ″consistent with our long- stated objective to move to a leaner, flatter, more market-driven structure.″