GE (or General Electric) (2015 – Present)

General Electric (“GE”) consists of multiple U.S. industrial businesses serving critical global infrastructure end markets.

In October 2015, Trian announced its investment in GE. In October 2017, Trian’s Chief Investment Officer and a Founding Partner, Ed Garden, was elected to the GE board of directors.

In June 2018, GE announced the results of a strategic review, in which GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending combination of its Transportation business with Wabtec, GE plans to separate GE Healthcare into a standalone company, pursue an orderly separation from BHGE (Baker Hughes, a GE company) over the next two to three years, make its corporate structure leaner, substantially reduce debt and improve liquidity. The actions unlock both a pure-play healthcare company and a tier-one oil and gas servicing and equipment manufacturer. Trian supports these strategic initiatives and believes that these initiatives will create substantial value for shareholders.

On October 1, 2018, GE announced a performance update and leadership change. Larry Culp, Jr., former CEO of Danaher Corporation, was named Chairman and CEO of the Company, effective immediately. Additionally, the GE Board appointed Thomas W. Horton as Lead Director. Mr. Culp and Mr. Horton have been members of the Board since April 2018. Trian expects to continue working closely and constructively with Larry Culp in his new role and the rest of the GE board and leadership team as the company executes its strategic initiatives.

Sector: Industrial

Fun Fact: The GE 7F.05 gas turbine generates 225 MW, equivalent to 644,000 horsepower, or the power of 644 Formula One cars.

Company Website:

ESG Highlights:

  • Board RefreshmentFollowing the April 2018 shareowners meeting, GE’s board was reduced from eighteen directors to twelve directors (eleven directors as of December 2018). Four new directors joined the board including Larry Culp, former CEO of Danaher Corporation, who became the lead director in June 2018 and Chairman and CEO on October 1, 2018. GE also said on October 1, 2018 that it is working on opportunities for continued board renewal
  • EcomaginationGE’s ecologically-focused business strategy has generated $270 billion in revenues from Ecomagination solutions through 2016
  • ConservationGE has reduced the use of freshwater by more than 29% through 2016 surpassing its goal of a 20% reduction by 2020 on an adj. 2011 baseline
  • Emissions ReductionGE has reduced greenhouse gas emissions by 18% through 2016 from an adj. 2011 baseline and plans an additional 20% reduction through 2020
  • DiversityIn 2017, launched the “Balance the Equation” initiative with the goal of having 20,000 women in STEM roles by 2020 and obtaining 50% representation for women in GE’s technical entry-level programs
  • GE VolunteersSince 2005, GE employees and retirees have reported more than 12 million hours spent volunteering on more than 57,000 projects globally
  • Affordable HealthcareToday, over 5.8 billion people lack access to quality, affordable healthcare. GE has committed $300 million to deliver disruptive technologies to healthcare providers across emerging markets

For more information on ESG initiatives at GE, please visit

Trian Board Member