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.
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(END) Dow Jones Newswires
January 17, 2018 05:43 ET (10:43 GMT)