GE Elects Paula Rosput Reynolds to Board of Directors to Replace Retiring Director Jack Brennan
December 10 2018 - 8:32AM
Business Wire
GE (NYSE:GE) today announced that its Board of Directors has
elected Paula Rosput Reynolds to the GE Board, effective as of
December 7. Ms. Reynolds replaces John J. Brennan, who is retiring
from the Board after six years of service, as of the same date. Mr.
Brennan previously announced his intention to retire from the board
in March 2018.
GE Lead Director Tom Horton said, “As the GE Board continues to
evolve, we remain focused on recruiting directors with broad
experience and deep expertise, particularly in areas of focus for
GE now and in the future. Paula’s experience as a chief executive
and as a board director in relevant industries make her a great fit
for the GE Board.”
Mr. Horton continued, “We are enormously grateful for the steady
leadership provided by Jack Brennan through a period of great
change. As lead director, Jack played a pivotal role in reshaping
our governance and guiding the company through recent board and
leadership transitions.” In recognition of his service to GE, the
Board has named Brennan a Director Emeritus.
GE Chairman and CEO H. Lawrence Culp, Jr., said, “Paula is a
wonderful addition to our Board. We will benefit significantly from
her depth of experience and proven strategic insight. Paula has
experience working through complex and often difficult
circumstances to produce positive results. I look forward to
working with Paula and the rest of the Board as we continue to
execute on our strategy. I am thankful for Jack’s tremendous
contributions and wish him well.”
Ms. Reynolds, 62, is CEO of PreferWest, LLC, a privately held
business advisory firm. She began her career with Pacific Gas &
Electric in 1979, and spent over 25 years in the energy industry,
serving as CEO, Duke Energy Power Services (1995-1998) and as
Chairman, President and CEO of AGL Resources (1998-2006), an
Atlanta-based energy services company. She subsequently served as
Chairman and CEO of Safeco Corporation (2006-2008), a property and
casualty insurance company, until its acquisition by Liberty
Mutual. She was appointed as Vice Chairman and Chief Restructuring
Officer of AIG (2008-2009), during which she oversaw the insurer’s
divestiture of assets and served as chief liaison with the Federal
Reserve Bank of New York. She previously served as a director on a
number of boards, including Delta Airlines, Anadarko Petroleum and
Air Products and Chemicals. She currently serves as a director for
BAE Systems, BP, CBRE Group, and TransCanada Corporation.
About GE
GE (NYSE:GE) drives the world forward by tackling its biggest
challenges. By combining world-class engineering with software and
analytics, GE helps the world work more efficiently, reliably, and
safely. For more than 125 years, GE has invented the future of
industry, and today it leads new paradigms in additive
manufacturing, materials science, and data analytics. GE people are
global, diverse and dedicated, operating with the highest integrity
and passion to fulfill GE’s mission and deliver for our customers.
www.ge.com
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