Subscribe free to our newsletters via your




ENERGY NEWS
GE taps China CEO to lead Alstom merger
by Staff Writers
New York (AFP) July 03, 2014


General Electric on Thursday said the head of its China business will transfer to France to lead the US company's proposed buyout of Alstom's energy businesses.

Mark Hutchinson, president and chief executive of GE Greater China, will be based in Paris to manage the integration of the French industrial company's power and grid businesses, GE said in a statement.

The British national who previously lived in France, according to a company profile, has managed the GE Greater China unit, which employs 18,000 people, for three years.

"Mark has presided over tremendous growth in our China business and has continued to build on our status as a trusted partner, supporting the government's growth priorities,"said John Rice, vice chairman of GE, in a statement.

"His deep knowledge of GE and experience in global markets, make him the right person for this important role."

Hutchinson began his career with the Fairfield, Connecticut-based GE in 1994. He has been involved in a wide range of the company's businesses, and led GE's capital markets team for a decade.

GE named Rachel Duan, the head of GE China Healthcare since 2010, to succeed him as president and CEO of GE Greater China, while also keeping her current responsibilities.

GE won a two-month deeply political battle to buy the energy arm of Alstom in late June, in the face of French government opposition and a rival joint offer from Germany's Siemens and Mitsubishi Heavy Industries of Japan.

France agreed to the bid on the condition that, while GE could take the whole of Alstom's gas turbine business, the government would hold a stake in GE-French joint ventures for Alstom's nuclear, steam turbine, offshore wind and hydro power businesses.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY NEWS
Green planning needed to maintain city buildings
Southampton, UK (SPX) Jul 03, 2014
Green spaces in towns and cities need extra consideration as they may be damaging buildings in the area, according to new research from the Universities of Southampton and Surrey. When organic chemicals from trees and vegetation mix with air pollutants the resulting corrosive gas can increase the erosion of building materials, including stone, concrete and steel. Southampton's Dr Abhishek ... read more


ENERGY NEWS
Abandoned children fear as US troops eye Philippines

We Can Eliminate the Major Tornado Threat in Tornado Alley

Malaysia gets new transport minister amid MH370 crisis

Surviving without money, German woman's year-long adventure

ENERGY NEWS
Soyuz Rocket puts Russian GLONASS-M navigation satellite into orbit

Russia may join forces with China to compete with US, European satnavs

Russia Says GLONASS Accuracy Could Be Boosted to Two Feet

Northrop Grumman tapped for new miniature navigation system

ENERGY NEWS
Advanced CLARITY Method Offers Faster, Better Views of Entire Brain

Humans have been changing Chinese environment for 3,000 years

Skulls with mix of Neandertal and primitive traits illuminate human evolution

Brain syncs blood flow to match activities

ENERGY NEWS
Bizarre parasite from the Jurassic

How repeatable is evolutionary history?

UNDP and Iran team to save Asiatic cheetah

Why Species Matter

ENERGY NEWS
Latvia orders pig cull to stem African swine fever

Mideast sees 'worrying' rise in HIV cases: UN

Blacklegged ticks frequently carry both lyme disease and babesiosis

Study reveals conditions linked to deadly bird flu and maps areas at risks

ENERGY NEWS
China Communist Party expels four top officials over graft

Paid holidays for Chinese dissidents -- with minders

UN group urges release of Chinese dissident nephew

Heavy jail terms for Chinese anti-graft trio: lawyer

ENERGY NEWS
US begins 'unprecedented' auction of Silk Road bitcoins

Malaysian navy foils pirate attack in South China Sea

NATO anti-piracy ops until 2016

Kidnapped Chinese, Filippino rescued in Malaysia

ENERGY NEWS
China manufacturing growth pick up in June: govt

China housing prices fall for second month: survey

Former top China official charged with bribery

Bank of China approved for yuan clearing in Frankfurt




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.