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Grey Matter

Larry Culp: Chairman & CEO, GE Aerospace

The Grey Matter Behind One of the Greatest Turnarounds in Modern History

Larry Culp is one of the most private and respected CEOs in the world. Over seven years, he orchestrated what many call the greatest turnaround in modern business, rescuing GE from $140 billion in debt and splitting it into three independent world-class companies—GE Aerospace, GE HealthCare, and GE Vernova. In this rare conversation, Larry reveals how he did it: by slowing the game down, embedding a culture of continuous improvement, and choosing ruthless focus over comfortable synergy.

In this episode, you’ll hear and see Larry address:

  • How growing up in his grandfather’s welding shop and learning “you either get better or worse, but you don’t stay the same,” on the basketball court defined his approach to leadership.
  • The early months at GE, when every decision carried existential weight, and why his first move was to slow the game down and focus on operational control.
  • How the discipline of Kaizen — continuous improvement — became the foundation for GE’s transformation.
  • His conviction that focus creates strength, and how splitting GE into three independent companies, GE Aerospace, GE HealthCare, and GE Vernova, created three world-class leaders.

The views and opinions expressed herein are solely those of the individual authors and do not necessarily represent those of The Consello Group. Consello is not responsible for and has not verified for accuracy any of the information contained herein. Any discussion of general market activity, industry or sector trends, or other broad-based economic, market, political or regulatory conditions should not be construed as research or advice and should not be relied upon. In addition, nothing in these materials constitutes a guarantee, projection or prediction of future events or results.


Larry Culp

Chairman & CEO, GE Aerospace

Larry joined the GE Board of Directors in April 2018, and was appointed CEO of GE in October 2018. In June 2022, he assumed additional duty as CEO of GE Aerospace and became Chairman & CEO of GE Aerospace when it launched as a public company in April 2024. He also serves as the non-executive Chairman of GE HealthCare.

As Chairman and CEO of GE, Larry led the industrial technology company’s multi-year financial and operational transformation. During his tenure, GE strengthened its balance sheet, reduced debt by more than $100 billion, grew profit by 20%, more than doubled adjusted earnings-per-share, and more than quadrupled its market capitalization. Under his leadership, GE further focused the company’s portfolio and simultaneously improved operations across its businesses by implementing and adopting lean with a relentless focus on safety, quality, delivery, and cost—in that order—to better serve customers.

Larry is a member and the immediate past chair of the Board of Visitors and Governors of his alma mater, Washington College, and also serves on the Wake Forest University Board of Trustees. Previously, Larry was a Senior Lecturer at Harvard Business School, where he focused on leadership, strategy and general management in the MBA and executive education programs.

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