Henry Lawrence "Larry" Culp, Jr. (born March 1963) is an American business executive. He is chairman and CEO of

GE Aerospace General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, w ...

. He is the first outsider to run GE in the company's 126-year history. Prior to joining GE, Culp worked at Pall Corporation and

Danaher Corporation Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and ...

in Washington, D.C. He joined the Danaher Corporation in 1990 and was CEO from 2001 through 2014. Culp joined the GE board of directors in April 2018.

Early life and education

Culp was born and raised in the Washington, D.C. area, the son of a small welding company owner. He earned a bachelor's degree from Washington College, and an MBA from

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

Career

Culp joined Danaher in 1990 via the subsidiary Veeder-Root, and became President of that company 1993. He was appointed a group executive and corporate officer in 1995, with responsibility for Danaher’s Environmental and Electronic Test and Measurement platforms while also being President of Fluke and Fluke Networks. He was named an Executive Vice President in 1999, Chief Operating Officer in 2001, and President as well as CEO in 2001. Previously, Culp was a senior lecturer at Harvard Business School, where he focused on leadership, strategy and general management in the MBA and executive education programs. Culp is also a senior advisor at Bain Capital Private Equity and a non-executive director of T. Rowe Price. Culp's pay package of up to $21 million a year for four years as chairman and CEO of

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

has attracted attention, especially the element tied to any stock price increase, with about $47 million for a 50% rise and perhaps $300 million for a 150% increase. In 2020, Culp was offered a contract-extension of two years by the board of

that would last until August 2024. In April 2021, the

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

reported that Culp faced push back from two of the largest shareholder advisers on his pay package, which includes a bonus of $47 million. In June 2022, Culp extended his role as CEO of

GE Aviation General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, wh ...

, in addition to GE. Following GE HealthCare's spin-off from GE in January 2023, Culp was appointed as its non-executive chairman.

Personal life

Culp is married, with three children, and lives in the Boston area.

References

External links

General Electric announcement
1964 births Living people American chief executives of Fortune 500 companies General Electric people Washington College alumni Harvard Business School alumni General Electric chief executive officers Danaher Corporation people Bain Capital people {{US-CEO-stub