General Electric Appoints New Europe CEO

By FeaturesDow Jones Newswires

General Electric Co. (GE) has appointed Peter Stracar as president & chief executive of the European region, effective Jan. 1, the company said Wednesday.

Mr. Stracar was previously CEO of GE Central and Eastern Europe from 2013, following an 18-year career with Liechtenstein-based tool maker Hilti. He succeeds Mark Hutchinson, who retired on Jan. 1, GE said.

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Europe is GE's largest market outside the U.S., with 92,000 employees spread over 900 locations and revenue of more than $20 billion in 2016, the company said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

January 17, 2018 05:43 ET (10:43 GMT)

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