Powering, Propelling and Positioning the Global Marine Industry, GE Unveils GE Marine Organization

GE (NYSE: GE) unveiled today its new GE Marine organization. GE Marine combines the cumulative expertise of several GE businesses and will be led by Tim Schweikert, VP, GE Marine.

This new organization brings together GE’s commercial and technological expertise in the marine sector from gas turbines and diesel engines to motors and generators, variable speed drives and drilling systems to automation and control systems and all the electrical equipment in between. GE Marine combines this with world-class system integration capabilities and a global infrastructure—including a wealth of training and service facilities—close to our customers’ operations.

“It’s the breadth and depth of experience we are bringing together, imagining new solutions to emerging industry challenges and adapting world-class technologies from GE’s industrial portfolio that will give GE Marine an added edge to consistently bring our customers the best marine solutions,” said Schweikert. “GE offers highly advanced technology that enables our customers to operate in some of the world’s harshest environments.”

GE Marine builds on the foundations laid out by the GE Global Offshore Marine organization established in 2013 to provide integrated solutions to GE’s offshore customers. Evolving with the industry and its customer needs, GE Marine puts more than marine experts at their service.

“Today’s announcement reflects how GE’s focus is on growing its marine business around strong technology platforms,” said Joe Mastrangelo, CEO, GE’s Power Conversion business. “Our customers will benefit from a highly integrated, technologically rich solution for a wide range of marine applications. From the most advanced frigates to the largest luxury cruise liners to the hardest-working FPSOs, we power, propel and position the marine industry.”

GE also is building the Industrial Internet for its customers. The deeper meshing of the digital world with that of the marine industry provides the potential to bring about profound industry transformation, most notably in the areas of predictability, shipbuilding and marine propulsion. These innovations promise to provide increased availability and greater efficiency for GE Marine customers.

“By creating a one-stop shop for our marine customers, we are better positioned to help them succeed in an increasingly competitive world. This new organization will leverage expertise and technology from across GE’s global businesses, expand our capabilities and provide solutions that will lower operating costs and make the next generation of ships more efficient and environmentally friendly,” said John Rice, Vice Chairman, GE.

About GE Marine

GE Marine offers solutions dedicated to the merchant, offshore and naval industries, helping customers drive operational excellence, efficiency and environmental responsibility. Smarter engineering coupled with GE Marine’s latest technologies ensures the best solutions to suit the precise needs of each ship, powering, propelling and positioning a more efficient, safer and cleaner marine industry.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

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