American multinational conglomerate, General Electric (GE), promoted Indian-origin executive Rahul Ghai, chief financial officer (CFO) of GE Aerospace, as the company’s senior vice president and CFO effective September 1, 2023. He will succeed Carolina Dybeck Happe, who will assume a new role in addition to her current responsibilities at GE Aerospace.
In a statement, on Ghai’s elevation to the top post, the company said that he has already proved to be an exceptional addition to the GE Aerospace leadership team. His track record as a public company CFO, including successful spin-off experience, positions him well for this additional responsibility as the company implements the next phase of its strategic plan, according to the company.
GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., said, “Since Rahul joined GE Aerospace, we have benefited greatly from his leadership, including his wealth of experience as a public company CFO and with the spin-off process.”
An expert across all financial functions, India-born Ghai served as CFO of Otis Elevator Co. and as senior vice president and CFO of Harris Corporation before GE. During his tenure as Harris CFO, the company produced double-digit earnings growth annually and delivered stock price appreciation that well outpaced the S&P 500. Before Harris, Rahul held several executive-level finance roles at Aetna and United Technologies Corporation (UTC).
Ghai began his career in the financial services industry in India and received his MBA from Purdue University and his undergraduate degree in Accounting and Economics from Delhi University.