Lorenzo Simonelli, who spent five years as chief executive at GE Transportation, is being mentioned as a possible successor to General Electric Co. Chief Executive Jeff Immelt.
A story in today’s edition of the Wall Street Journal reports that Immelt, who has run the company for 13 years, might step aside sooner than the 20 years he had originally planned.
Immelt, according the Journal, has led those discussions.
The Journal reports that one of the leading candidates to eventually replace Immelt is Simonelli, who the article describes as “a youthful rising star who took over leadership of GE’s oil and gas business last year.”
Simonelli, who was 35 when he arrived in Erie, oversaw a series of dramatic changes at GE Transportation, including moving corporate headquarters to Chicago and building a new locomotive plant in Fort Worth, Texas.
Another veteran of GE Transportation also makes the short list.
John Rice, who led GE Transportation from 1997 to 2000, is now vice chairman of Connecticut-based General Electric.
The Journal reports: “Rice, 57, is seen as the executive who could step in immediately should anything happen unexpectedly to Mr. Immelt.”