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GE has announced Michael Keroullé will become President & CEO of the $5 billion business on July 1,2019. Keroullé succeeds Andreas Lusch who will step down after a successful 32-year career in the industry as part of a thoughtfully planned transition process. Michael Keroullé was most recently Steam Power’s Chief Commercial Officer and has been with the company for 19 years.
During this time he held diverse leadership roles ranging from Project Director to the Managing Director of the Environmental Control business in Europe and the Boiler business in India. His proven ability to deliver value to customers and deep industry experience position him well for the new role. Sacha Parneix, Regional Sales Leader for GE Steam Power MENAT, will take over Michael’s previous role as Chief Commercial Officer. GE Steam Power provides technology, EPC capability and services for coal and nuclear power plants which combined deliver 50% of the world’s power today.