General Electric Co. (GE) shuffled some of its energy executives, naming Dan Heintzelman to lead the burgeoning Oil & Gas unit after Claudi Santiago retires in December.
The changes at the Fairfield, Connecticut-based company’s largest industrial unit are effective immediately, with Santiago reporting directly to Chief Executive Officer Jeffrey Immelt in the interim, GE said in a statement today.
Santiago “led GE Oil & Gas during a period when it became a global leader in its industry,” Immelt said in the statement. The unit’s sales more than doubled to $7.56 billion in the five years through 2010. Heintzelman, Santiago’s successor, previously ran the services division at Atlanta-based GE Energy.
GE Energy Infrastructure, the world’s biggest provider of power-generation equipment and related services, has made more than $11 billion in acquisitions since October. Those include John Wood Group Plc’s well-support division; Wellstream Holdings Plc (WSM), an oil-services provider focused on Brazil; and Dresser Inc.
GE Energy Infrastructure generated 25 percent of the parent company’s $150.2 billion in sales last year, according to data compiled by Bloomberg.
GE also moved Dan Janki, the energy division’s chief financial officer, to lead a new energy-management business and expanded the duties of Steve Bolze, who oversees power and water, to include power-generation services.
The energy-management division includes technology solutions for the delivery, management and conversion of electrical power. Lynn Calpeter, currently chief financial officer for NBC Universal, will take Janki’s previous role.
To contact the reporters on this story: Rachel Layne in Boston at email@example.com;
To contact the editors responsible for this story: Ed Dufner at firstname.lastname@example.org;