GE Power & Water and Alstom Power combine

GE has announced that with the completion of its Alstom acquisition, GE Power & Water and Alstom Power have combined to form GE Power. Headquartered in Schenectady, Steve Bolze, will serve as president and CEO of GE Power, leading more than 65,000 employees in over 150 countries with estimated revenue of $30 billion.
By combining the strongest attributes of GE’s power generation technologies, services and expertise with Alstom Power’s technology and geography, the global utility sector will benefit from a world-class supplier of total power plant and life cycle solutions that can support equipment from multiple suppliers. GE Power provides a diverse portfolio of technologies and suite of services that help make power more affordable, reliable and sustainable.
GE Power has six businesses as follows:
• Power Services headquartered in Baden, Switzerland, and led by Paul McElhinney.
• Gas Power Systems headquartered in Schenectady and led by Joe Mastrangelo.
• Steam Power Systems headquartered in Baden, Switzerland, and led by Andreas Lusch.
• Distributed Power headquartered in Jenbach, Austria, and led by Lorraine Bolsinger.
• GE Hitachi Nuclear Energy headquartered in Wilmington, North Carolina, and led by Jay Wileman, succeeding Caroline Reda who will now head up Power Services’ North America region.
• Water & Process Technologies headquartered in Trevose, Pennsylvania, and led by Heiner Markhoff.