●  GENERAL ELECTRIC CO · FY 2024 

Directors & Officers

GE
●  GENERAL ELECTRIC CO · FY 2024 

Directors & Officers


NOTE 27. QUARTERLY INFORMATION (UNAUDITED)
First quarterSecond quarterThird quarterFourth quarter
(Per-share amounts in dollars)20242023202420232024202320242023
Total revenue$8,955 $7,836 $9,094 $8,755 $9,842 $9,302 $10,812 $9,456
Sales of equipment and services8,076 7,044 8,223 7,907 8,943 8,461 9,879 8,547
Cost of equipment and services sold5,747 4,998 5,574 5,693 6,226 5,992 6,761 6,256
Earnings (loss) from continuing operations1,744 6,709 1,322 1,256 1,695 307 1,897 1,176
Earnings (loss) from discontinued operations(178)772 (54)(1,218)147 31 (6)413
Net earnings (loss)1,565 7,481 1,268 37 1,842 338 1,891 1,588
Less net earnings (loss) attributable to
noncontrolling interests
27 (27)2 4 (10)(14)(8)-
Net earnings (loss) attributable to the Company$1,539 $7,508 $1,266 $33 $1,852 $352 $1,899 $1,589
Per-share amounts - earnings (loss) from
continuing operations
Diluted earnings (loss) per share$1.58 $5.98 $1.20 $1.09 $1.56 $0.20 $1.75 $1.08
Basic earnings (loss) per share1.59 6.02 1.21 1.10 1.57 0.20 1.77 1.09
Per-share amounts - earnings (loss)
from discontinued operations
Diluted earnings (loss) per share(0.18)0.73 (0.05)(1.11)0.13 0.04 (0.01)0.37
Basic earnings (loss) per share(0.18)0.74 (0.05)(1.12)0.14 0.04 (0.01)0.37
Per-share amounts - net earnings (loss)
Diluted earnings (loss) per share1.40 6.71 1.15 (0.02)1.70 0.24 1.75 1.44
Basic earnings (loss) per share1.41 6.76 1.16 (0.02)1.71 0.24 1.76 1.46
Dividends declared(a)- 0.08 0.56 0.08 0.28 0.08 0.28 0.08
(a) Following the separation of GE Vernova, the Board of Directors declared a dividend of $0.28 per share in April 2024, which reflects our dividend as a standalone company, that was paid in April 2024. In June 2024, the Board of Directors declared a dividend of $0.28 per share that was paid in July 2024.

Earnings-per-share amounts are computed independently each quarter for earnings (loss) from continuing operations, earnings (loss) from discontinued operations and net earnings (loss). As a result, the sum of each quarter's per-share amount may not equal the total per-share amount for the respective year; and the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings (loss) for the respective quarters.

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Information about our Executive Officers (As of February 3, 2025)
Date assumed
Executive
NamePositionAgeOfficer Position
H. Lawrence Culp, Jr.
Chairman of the Board & Chief Executive Officer
61October 2018

Rahul Ghai
Senior Vice President & Chief Financial Officer
53
September 2023
Mohamed AliSenior Vice President & Chief Technology & Operations Officer55January 2025
Christian Meisner
Senior Vice President & Chief Human Resources Officer
55
April 2024
John R. Phillips III
Senior Vice President, General Counsel & Secretary
47
April 2024
Russell StokesSenior Vice President & CEO, Commercial Engines & Services53September 2018

Amy Gowder
Senior Vice President & CEO, Defense & Systems49
April 2024

Ricardo Procacci
Senior Vice President & CEO, Propulsion & Additive Technologies57
April 2024
Robert GigliettiVice President, Chief Accounting Officer, Controller and Treasurer54April 2024

Executive Officers are elected by the Board of Directors for an initial term that continues until the Board meeting immediately preceding the next annual statutory meeting of shareholders, and thereafter are elected for one-year terms or until their successors have been elected. Mr. Culp and Mr. Stokes have been Executive Officers of the Company for at least five years.

Prior to joining the Company in August 2022, Mr. Ghai had been Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation, an elevator and escalator manufacturing, installation and service company, since 2019 after serving as Senior Vice President and Chief Financial Officer of Harris Corporation from 2016 until 2019.


2024 FORM 10-K 77

Prior to becoming Chief Technology & Operations Officer in January 2025, Mr. Ali served as Senior Vice President (and prior to that, Vice President), Engineering since 2021 and in other engineering and systems leadership roles with the Company, originally joining in 1997. On November 21, 2024, Mr. Ali adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 9,815 shares of the Company's common stock until November 13, 2026.

Prior to joining the Company in October 2023, Mr. Meisner had been Chief Human Resources Officer at Kaiser Permanente, an integrated managed care consortium, since 2020 after serving as Corporate Vice President, Talent and Integration at United Technologies from 2019 until 2020 and Vice President and Chief Human Resources Officer at Otis Elevator Company from 2015 until 2019.

Prior to joining the Company in October 2023, Mr. Phillips had been Deputy Counsel to the President of the United States and Legal Adviser to the National Security Council since 2022, after serving 13 years in various legal leadership roles at Boeing, including Vice President, Corporate Secretary and Assistant General Counsel from 2021 until 2022, and Vice President and Assistant General Counsel from 2016 until 2021.

Prior to joining the Company in April 2022, Ms. Gowder was Chief Operating Officer at Aerojet Rocketdyne, an aerospace and defense company, since 2020, after serving 14 years at Lockheed Martin including as Vice President and General Manager from 2017 until 2020.

Prior to becoming CEO, Propulsion and Additive Technologies in 2022, Mr. Procacci served as Chief Executive Officer of Avio Aero, a General Electric Company affiliate, since 2014.

Prior to becoming Vice President, Chief Accounting Officer, Controller and Treasurer in 2024, Mr. Giglietti served in a number of senior finance and accounting leadership roles with the Company, including most recently as Treasurer for GE Aerospace, since July 2023, and Chief Financial Officer - GE Capital and Corporate, since January 2021, and Operational Leader for the GE separations, originally joining in 2002.

The remaining information called for by this item is incorporated by reference to "Election of Directors," "Other Governance Policies & Practices", "Board Committees", "Board Operations" and "Other Executive Compensation Policies & Practices" in our definitive proxy statement for our 2025 Annual Meeting of Shareholders to be held May 6, 2025, which will be filed within 120 days of the end of our fiscal year ended December 31, 2024 (the 2025 Proxy Statement).

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a)1. Financial Statements
Included in the "Financial Statements and Supplementary Data" section of this report:
Management's Annual Report on Internal Control Over Financial Reporting
Reports of Independent Registered Public Accounting Firm
Statement of Earnings (Loss) for the years ended December 31, 2024, 2023 and 2022
Statement of Financial Position at December 31, 2024 and 2023
Statement of Cash Flows for the years ended December 31, 2024, 2023 and 2022
Statement of Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 2022
Statement of Changes in Shareholders' Equity for the years ended December 31, 2024, 2023 and 2022
Notes to consolidated financial statements
Management's Discussion and Analysis of Financial Condition and Results of Operations - Summary of Operating Segments
(a)2. Financial Statement Schedules
The schedules listed in Reg. 210.5-04 have been omitted because they are not applicable or the required information is shown in the consolidated financial statements or notes thereto.
(a)3. Exhibit Index
78 2024 FORM 10-K