GE announced that Carolina Dybeck Happe, chief financial officer and executive vice president of A.P. Moller-Maersk, has been named senior vice president and chief financial officer of GE, effective in early 2020.
“Carolina is a proven global CFO with a superior track record of delivering results and creating value,” said GE Chairman and CEO H. Lawrence Culp, Jr. “After a rigorous global search process, I’m excited to welcome Carolina to GE. She is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities. She will be a strong partner as we execute our deleveraging plan and improve our operating results to position GE for sustainable, long-term value creation.”
As CFO, Dybeck Happe will lead GE’s global finance organization and financial activities including accounting and controllership, financial planning and analysis, tax, investor relations, internal audit, and treasury. She will also lead GE’s digital technology and global operations functions. Dybeck Happe will be based in GE’s Boston headquarters.
Dybeck Happe’s experience spans regulated and deregulated industries as well as short- and long-cycle businesses. She spent 16 years at Assa Abloy, including seven as CFO, playing a key role in transforming the company from a regional player into a global, digitally enabled leader across multiple domains. Over her tenure as CFO, she helped the company deliver total shareholder return of more than 160 percent and double-digit sales growth, profit growth, and return on invested capital.
As CFO at Maersk, she has been instrumental in driving strategic and structural change amidst significant market disruption, including executing a substantial deleveraging plan and reshaping the company’s portfolio to deliver more profitable growth.
As previously announced, Jamie S. Miller will transition from her current role as SVP and CFO, and she will leave the company following a smooth handover.