General Electric (GE) is one of the largest and most diversified industrial corporations in the world, headquartered in Boston, Massachusetts. Founded in 1892 through a merger involving Thomas Edison’s Edison General Electric Company, GE has long been synonymous with innovation and technological advancements. GE operates across various industries, including aviation, healthcare, power, renewable energy, and digital technology. It has consistently been at the forefront of driving industrial growth and is recognized for its contributions to the development of electrical infrastructure, medical imaging, and clean energy solutions.
With a legacy of over 130 years, GE has undergone numerous transformations, adapting to changing markets and customer needs. Its global reach and industrial expertise have made it a key player in powering cities, modernizing healthcare, and supporting sustainable energy initiatives. GE’s commitment to innovation and technological excellence continues to influence industries worldwide.
CEO and Founder of General Electric
General Electric was co-founded by the renowned inventor Thomas Edison in 1892. Although Edison was instrumental in the initial formation of the company, GE was officially created through the merger of Edison General Electric and Thomson-Houston Electric Company. Since then, GE has been led by various iconic business leaders who have contributed to its growth as an industrial giant. The current CEO of GE is H. Lawrence Culp Jr., who assumed the role in 2018. Under his leadership, GE has focused on restructuring its business operations to prioritize sectors like aviation, healthcare, and energy, further solidifying its position as a leader in innovation and technology.
List of Top Companies Under General Electric
Over the decades, General Electric has established or acquired numerous companies and subsidiaries across various industries. Below is a list of some top companies under the GE umbrella, along with their respective valuations.
| Company Name | Year Acquired/Founded | Valuation | Industry |
|---|---|---|---|
| GE Aviation | Founded 1917 | $70 Billion | Aircraft Engines and Systems |
| GE Healthcare | Founded 1994 | $35 Billion | Medical Technology and Devices |
| GE Power | Founded 2008 | $25 Billion | Power Generation and Distribution |
| GE Renewable Energy | Founded 2015 | $14 Billion | Wind, Solar, Hydro Energy |
| Baker Hughes (A GE Company) | Acquired 2017 | $23 Billion | Oilfield Services and Equipment |
| GE Digital | Founded 2011 | $8 Billion | Industrial Software Solutions |
| GE Capital | Founded 1932 | $16 Billion | Financial Services |
| Current, powered by GE | Founded 2015 | $2.6 Billion | Energy Management Solutions |
FAQs About General Electric
Q1: When was General Electric founded, and by whom?
A: General Electric was founded in 1892 through a merger involving Thomas Edison’s Edison General Electric Company and the Thomson-Houston Electric Company. Edison played a key role in the company’s early development.
Q2: Who is the current CEO of General Electric?
A: The current CEO of General Electric is H. Lawrence Culp Jr., who has been leading the company since 2018, focusing on restructuring and improving efficiency.
Q3: What are the main industries in which GE operates?
A: General Electric operates in several industries, including aviation, healthcare, power, renewable energy, and digital technology.
Q4: What is GE Aviation?
A: GE Aviation is a subsidiary of General Electric that specializes in manufacturing aircraft engines, systems, and components. It is one of the leading suppliers of engines for commercial and military aircraft.
Q5: What is the focus of GE Renewable Energy?
A: GE Renewable Energy focuses on providing sustainable energy solutions through wind, solar, and hydroelectric power technologies, contributing to global efforts to reduce carbon emissions.
Q6: Does GE offer financial services?
A: Yes, GE Capital, a division of General Electric, offers a wide range of financial services, including commercial lending and leasing.
