Summary
General Electric (GE) announced the appointment of Carolina Dybeck Happe as its new Senior Vice President and Chief Financial Officer (CFO), effective early 2020. Ms. Dybeck Happe brings extensive international financial leadership experience, having most recently served as CFO for A.P. Moller – Maersk, a global container logistics company, and previously as CFO for Assa Abloy Group. Her appointment signals a significant leadership change within GE's executive team, with investors likely to look for her expertise to contribute to the company's ongoing transformation and financial strategy. The compensation package for Ms. Dybeck Happe includes a base salary of $1.5 million, a target annual bonus of 125% of her base salary, and significant equity awards totaling $13 million, comprising performance share units, restricted stock units, and stock options. Notably, a substantial new hire stock option award valued at $8 million will vest solely on the fourth anniversary of the grant date. Additionally, she will receive relocation and international assignment benefits, underscoring GE's commitment to securing top talent for this critical role.
Key Highlights
- 1Carolina Dybeck Happe appointed as new Senior Vice President, Chief Financial Officer (CFO) of GE, effective early 2020.
- 2Ms. Dybeck Happe has prior CFO experience at A.P. Moller – Maersk and Assa Abloy Group.
- 3She currently serves on the supervisory board of E.ON and previously on the board of Schneider Electric.
- 4Her compensation package includes a $1.5 million base salary and a target annual bonus of 125% of base salary.
- 5Significant equity awards totaling $13 million are part of her compensation, including a $5 million 2020 award and an $8 million new hire stock option award vesting in four years.
- 6Ms. Dybeck Happe will receive relocation and international assignment benefits due to her relocation from overseas.