Erie PA Industry Giant GE Transportation CEO John Dineen To Lead Global Bioscience Division, GE Healthcare In London, UK

Fairfield, CT - General Electric Chairman and CEO Jeff Immelt announced today the appointment of John Dineen as president and CEO of GE Healthcare, a $17 billion global leader in medical diagnostic technology and biosciences.

Immelt also announced that Lorenzo Simonelli will succeed Dineen as president and CEO of GE Transportation. Dineen, 45, is a 22-year GE veteran and since 2005 has been president and chief executive officer of GE Transportation, a $4.5 billion global leader in the rail, mining, marine, drilling and wind industries. In his new position, Dineen will be located in London, where GE Healthcare is headquartered. "John Dineen is a talented global leader who has consistently delivered double-digit growth by globalizing our Transportation business and diversifying its high-tech portfolio," Immelt said. "John has developed broad operations expertise across a range of industries for two decades. His sharp customer focus combined with the talented team at Healthcare will help the business continue to grow around the world." Before leading GE Transportation, Dineen served as vice president and general manager of Plastics at GE Advanced Materials and held various assignments in Corporate Finance. Dineen also served as general manager of GE Power Equipment; general manager of the Meter business; general manager of the Microwave and Air-conditioning businesses; manager of finance for GE Asia in Hong Kong; and president of GE Plastics-Pacific. He joined GE in 1986 as a telecommunications engineer. Dineen is a graduate of the University of Vermont where he earned bachelor's degrees in biology, with a concentration on genetics, and computer science. Dineen succeeds Joseph Hogan, who has taken a position outside the company as CEO of ABB. Hogan joined GE in 1985. "Joe is a widely respected and admired GE leader and has made great contributions to our Healthcare business," Immelt said. "During Joe's tenure, the business has expanded its product portfolio and global reach, and the business has more than doubled its revenues. All of his colleagues at GE wish him well in his new position." Simonelli, 35, has been president and CEO of Europe, the Middle East and Africa for GE Consumer & Industrial since 2006. He is a 14-year veteran of GE and a graduate of GE's Audit Staff. "Lorenzo combines strong leadership skills with a great sense for customer needs and product development," Immelt said. "His global experience and a sharp eye for market opportunities are a great fit for our Transportation business." Simonelli previously headed Consumer & Industrial's Global Product Management team. He also served as chief financial officer for GE Consumer & Industrial – Americas and as the global financial planning and accounting manager for GE Consumer Products, where he was instrumental in the successful integration of GE's Appliances and Lighting businesses.

A graduate of Cardiff University in Wales, Lorenzo joined GE in 1994 after three years with Mitsubishi Bank. Simonelli will be headquartered in Erie, PA, where GE Transportation is headquartered.

SOURCE: GE Healthcare Life Sciences