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All GE’s business leaders in the country, including the GE energy businesses, will report directly to Banmali, who will report to the GE vice-chairman, John Rice.
“India is a key market for GE, one where we have been doing business for over 100 years. Under John Flannery’s leadership, we have built a strong local team and positioned ourselves well for the future. Our businesses in India have grown significantly in the past three years. We are optimistic about India and see plenty of opportunity for growth across all our main businesses” Rice said.
Before joining GE, Banmali was with Tata Power Company Limited, where he was the Executive Director for Strategy and Business Development and also served on the board of directors of the company. From 1987 to 2008, Banmali was with Wartsila, holding several leadership positions in both India and Europe, and ultimately serving as the Managing Director of Wartsila India Limited over a five year period.
Flannery, 51, has been President and CEO of GE India since 2009. Flannery will succeed Pamela Daley who is retiring after 24 years with GE.
GE presently provides technology solutions in energy, healthcare, infrastructure and financial services in India and employs 15,000 persons.
With around 6000 engineers, GE's research centers in Bangalore, Hyderabad, Mumbai and Chennai are developing new technologies for both India and the global market. Besides, it has 13 local manufacturing and service facilities bring products, services and technologies closer to the customers.
