Stephan Reimelt has ben appointed as President and CEO of GE’s Power Conversion business. Announcing this, GE Energy Management President & CEO Mark Begor, said Reimelt will be succeeding Joe Mastrangelo who becomes President and CEO of Power Generation Products for GE Power & Water.
According a GE Power Conversion press note, Power Conversion is at the heart of generating cleaner and more efficient power for multiple industries. It is a growing business, operating in 160 locations worldwide, with more than 7,000 employees.
Under Joe Mastrangelo’s leadership the backlog grew more than 70% in four years to reach $3.5B, being a crucial cornerstone for what will become a $13B Energy Management business when combined with Alstom Grid Solutions, the press statement said.
The company has repeatedly established the next generation of technology in fields such as renewables, oil & gas and marine. Power Conversion is opening new avenues with tidal energy, while making wind and solar more competitive for our customers and seamlessly integrated with the grid. Home to GE Marine, Power Conversion is optimizing customer assets allowing them to operate more efficiently with an innovative predictive digital platform.
As President and CEO of Power Conversion, Stephan Reimelt will oversee global operations and their further expansion, as well as driving commercial growth. In his four years with GE, Stephan has been responsible for GE in Europe and prior to that for the energy portfolio in Germany. He has been leading a major commercial transformation in the company’s Power & Water, Energy Management and Oil & Gas businesses in Germany. Stephan has a wealth of industry and entrepreneurial experience from previous leadership positions at MAN Ferrostaal AG, Lurgi AG and also from having run his own mid-sized technological company.
“In his time with the company Stephan has demonstrated his ability to deliver results by driving major transformations across our energy portfolio in Germany. His deep industry experience and relentless customer focus make him the right leader to drive growth for GE Power Conversion,” said John Rice, GE Vice Chairman.
Adding, Energy Management President & CEO Mark Begor, stated that Stephan transformed GE in Germany and strengthened GE’s growth strategy and operations in Europe. He brings a wide range of industry and entrepreneurial experience to GE. His passion for technology, his global mind-set and customer focus will help GE Power Conversion continue to set the new industry standard”.
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