BOSTON – December 10, 2018 - GE (NYSE:GE) today announced that its Board of Directors has elected Paula Rosput Reynolds to the GE Board, effective as of December 7. Ms. Reynolds replaces John J. Brennan, who is retiring from the Board after six years of service, as of the same date. Mr. Brennan previously announced his intention to retire from the board in March 2018.
GE Lead Director Tom Horton said, “As the GE Board continues to evolve, we remain focused on recruiting directors with broad experience and deep expertise, particularly in areas of focus for GE now and in the future. Paula’s experience as a chief executive and as a board director in relevant industries make her a great fit for the GE Board.”
Mr. Horton continued, “We are enormously grateful for the steady leadership provided by Jack Brennan through a period of great change. As lead director, Jack played a pivotal role in reshaping our governance and guiding the company through recent board and leadership transitions.” In recognition of his service to GE, the Board has named Brennan a Director Emeritus.
GE Chairman and CEO H. Lawrence Culp, Jr., said, “Paula is a wonderful addition to our Board. We will benefit significantly from her depth of experience and proven strategic insight. Paula has experience working through complex and often difficult circumstances to produce positive results. I look forward to working with Paula and the rest of the Board as we continue to execute on our strategy. I am thankful for Jack’s tremendous contributions and wish him well.”
Ms. Reynolds, 62, is CEO of PreferWest, LLC, a privately held business advisory firm. She began her career with Pacific Gas & Electric in 1979, and spent over 25 years in the energy industry, serving as CEO, Duke Energy Power Services (1995-1998) and as Chairman, President and CEO of AGL Resources (1998-2006), an Atlanta-based energy services company. She subsequently served as Chairman and CEO of Safeco Corporation (2006-2008), a property and casualty insurance company, until its acquisition by Liberty Mutual. She was appointed as Vice Chairman and Chief Restructuring Officer of AIG (2008-2009), during which she oversaw the insurer’s divestiture of assets and served as chief liaison with the Federal Reserve Bank of New York. She previously served as a director on a number of boards, including Delta Airlines, Anadarko Petroleum and Air Products and Chemicals. She currently serves as a director for BAE Systems, BP, CBRE Group, and TransCanada Corporation.
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