GE Aerospace Extends CEO Larry Culp's Tenure Through 2027

Culp's leadership continues after successful turnaround, removing him from Boeing's CEO candidate list.

Culp's contract extension follows the spinoff of GE's energy and healthcare businesses.
Under Culp, GE Aerospace saw significant debt reduction and market cap growth.
Culp was considered a candidate to succeed Boeing's CEO but has committed to GE.
The extension provides stability as GE Aerospace navigates industry challenges.
Culp's tenure began in 2018, marking the first outsider to lead GE.