GE CEO Larry Culp on Power Division, ‘Self-Help’ and Boeing: Q&A

When Larry Culp took the reins at General Electric Co. late last year, the storied conglomerate was mired in one of its worst slumps. Less than six months later, the challenges are still immense but a turnaround is gaining steam. Culp, the first outsider ever to run the maker of jet engines and gas turbines, has wasted little time tackling debt, reshaping the portfolio and trying to put the balance sheet back in order. There’s still a long way to go, and the chief executive officer himself says this year won’t be pretty. But with a restructuring of the reeling power unit in progress and Culp’s pledge to boost cash flow in each of the next two years, investors are taking a fresh look at the company.

Culp sat down with Bloomberg’s David Westin to discuss just how tough 2019 will be as a “reset year,” why he’s optimistic about the future and when he thinks GE might actually grow again.