David Joyce, vice chair of GE and president and CEO of GE Aviation, will retire from the company after 40-years of service. John Slattery, Embraer's president and CEO of Commercial Aviation, has been named president- and CEO-elect of GE Aviation, effective July 13.
Joyce spent his entire career at GE Aviation, including 12 years as its president and CEO. He strategically invested in the business to enable a complete renewal of its product portfolio, including 10 different engine families, resulting in groundbreaking improvements in fuel efficiency, emissions and noise. Under his leadership, Aviation became one of GE's leading businesses, doubling its revenue from US$16.5 billion to US$33 billion, growing total backlog from US$26 billion to more than US$270 billion, and industrializing advanced technologies across both commercial and military applications. Joyce has been a driver of innovation GE-wide, advancing state-of-the-art technologies through GE Research and accelerating additive manufacturing applications across the company.
In order to ensure a smooth and thorough handover, Slattery will fully assume the role of president and CEO of GE Aviation on September 1, 2020, at which point Joyce will transition to non-executive chair of GE Aviation through December 31, 2020. He also will continue as GE vice chair and advisor to GE Research through December 31, 2020, and subsequently will serve as strategic advisor to GE Aviation into 2021.
