General Electric(GE) has appointed a new expat head for Indian business replacing Tejpreet Singh Chopra who has been the country head since June 2007. John Flannery, the head of GE Capital for Asia Pacific who has earlier also worked in the private equity wing of GE, has been given the new charge of Indian business operations.
Notably, as against the past when different business heads in India used to report directly to global verticals now all GE business leaders in the country will report to Flannery, who will inturn report to GE global vice chairman John Krenicki.
Chopra who was also elevated as India head after having served in finance arm of the conglomerate, is yet to be given a new position but the buzz is that he may be relocated to GE headquarters in the US. In the meantime he will work with Flannery to build government relations and strategy development in India.
A 22-year old GE veteran, Flannery was recently elevated as the head of GE Capital in the region in January’09 and was earlier head of GE Commercial Finance(Asia). Prior to that he has served in various business wings including corporate financial services business and GE Equity, the private equity unit of GE.
His appointment makes a return of an expat head for GE in India after Chopra succeeded Scott Bayman, who had been the face of the US conglomerate for aroun a decade in India.
In a company statement issued on Thursday, Jeff Immelt, Chairman & CEO of GE said, "We will create a ‘one GE’ approach in India that will bring the totality of GE’s offerings to customers, partners, governments and employees."
"India, with its growing energy, healthcare and transportation needs, is the right place for GE to build a single, focused GE team. Under John’s leadership, we will create fresh opportunities for partnerships and joint ventures with Indian businesses. With an integrated team, we can develop products and services designed specifically to meet local needs and, potentially, for export to other markets," said Immelt.
"We will treat GE India just as we would any other GE business, with its own growth strategy, leadership development and budgeting processes," added Immelt.