First home-grown leader to have overall responsibility for GE’s operations in China
Shanghai, July 3th 2014 - GE today announced that Rachel Duan, who has led GE Healthcare China since 2010, has been appointed President and CEO of GE Greater China.
In her new role, Duan will take overall responsibility for GE’s operations in Greater China while continuing as President and CEO of GE Healthcare China. Mark Hutchinson, who has served as President and CEO of GE Greater China over the past three years will relocate to Paris as the Integration Leader for the proposed acquisition of Alstom’s power and grid businesses.
“Mark has presided over tremendous growth in our China business and has continued to build on our status as a trusted partner, supporting the government’s growth priorities. His deep knowledge of GE and experience in global markets, make him the right person for this important role,” commented John Rice, Vice Chairman of GE.
Duan has led GE Healthcare China in the last four years, a GE business unit with over 7000 people, five manufacturing sites and multiple business and product lines ranging from medical diagnostic equipment, to services and life sciences and information technology.
“Rachel is the ideal successor; as an innovative business leader she understands what we need to do to make customers successful. She has worked for GE in China for nearly 20 years and is recognized as a highly collaborative and skilled motivator of teams. Her appointment reflects our commitment to deepen our senior global leadership team with talented local leaders,” said Rice.
Duan joined GE as Corporate Audit Staff in 1996 and progressed to leading audits for multiple GE industrial and financial businesses worldwide. Subsequently, she joined GE Plastics and held various leadership positions in China and Asia Pacific. She also served as President and CEO of Momentive Performance Materials Asia Pacific, formally known as GE Advanced Materials, upon divesture from GE at the end of 2006. She holds a bachelor’s degree of economics and international business from Shanghai Foreign Studies University and a MBA from University of Wisconsin – Madison in USA.
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GE started doing business in China as early as 1906. Now the company runs over 30 wholly owned or joint venture companies with over 18,000 employees across China. It operates a global research center in Shanghai, and three innovation centers in Chengdu, Xi’an and Harbin. GE makes and sells gas turbines and wind turbines for power generation, compressors for natural gas pipelines, medical equipment and aircraft engines in China. GE supplies engines for China’s ARJ21 regional jet and C919 narrow-body plane project. It operates a number of strategic partnerships and joint ventures with Chinese companies in the areas of avionics, power transmission and distribution, gasification and aero-derivative gas engine.