H. Lawrence Culp Jr.
Chairman and CEO, GE Aerospace
Legacy
H. Lawrence Culp Jr. Became GE's first-ever outside CEO in October 2018, inheriting one of the most complex corporate rescue situations in American business history. Culp, the former CEO of Danaher Corporation, applied the Danaher Business System's lean manufacturing and continuous improvement principles to GE's sprawling industrial operations, systematically divesting non-core businesses, reducing debt, and rebuilding operational discipline. His decision to execute the three-way breakup of GE — separating HealthCare, Vernova, and Aerospace into independent public companies — is widely regarded as one of the most consequential and successful corporate restructuring decisions of the 2020s. Under Culp's leadership, GE Aerospace's stock price has risen more than 400 percent from the depths of the 2018-2019 crisis, recovering a substantial portion of the value destroyed during the preceding decade.