General Electric dreams of being a digital giant

by bold-lichterman

A few days after receiving the green light from the European Commission for the purchase of French Alstom for nearly 12 billion, General Electric announces a major reorganization internally. The manufacturer has decided to bring together all these software and information technology activities in a single “GE Digital” division, headed by Bill Ruh, the former vice-president in charge of software, who thus takes the position of CDO.

With this restructuring, GE reveals its ambition to become a new digital giant. “As GE transforms to become the leading industrial and digital group, this creation will provide customers with the best industrial and software solutions to solve today’s global problems,” said Jeff Immelt, Managing Director.

“It will grow our software business by $ 6 billion in 2015 to place us in the Top 10 software companies by 2020,” he added.

From CIO to CEO

The company also announces the retirement of Mark Begor, its head of the energy management division, after 35 years with the company. Former CIO Jamie Miller becomes CEO of the transport division. These changes will be effective on October 1st.

Created in the last century, General Electric is present in 170 countries and employs 307,000 people worldwide.

Credit: GE Healthcare