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Banmali Agrawala Named President and CEO of GE India

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General Electric Company Vice Chairman John Rice has announced the appointment of Banmali Agrawala as President and CEO of GE’s business operations in India.

 

Effective April 1, 2013, Agrawala will succeed John Flannery who will move to the United States to take the role of Senior Vice President for business development reporting directly to the CEO, Jeffrey Immelt.

 

All GE’s business leaders in the country including the GE energy businesses will report directly to Banmali, who will report to GE Vice Chairman John Rice.

 

“India is a key market for GE, one where we have been doing business for over a hundred years.  Under John Flannery’s leadership, we have built a strong local team and positioned ourselves well for the future. Our businesses in India have grown significantly in the past 3 years. I am confident that Banmali will build on that good work; we are optimistic about India and see plenty of opportunity for growth across all our main businesses” Rice said.

 

Before joining GE, Banmali was with Tata Power Company Limited, where he was the Executive Director for Strategy and Business Development and also served on the board of directors of the company. From 1987 to 2008, Banmali was with Wartsila, holding several leadership positions in both India and Europe, and ultimately serving as the Managing Director of Wartsila India Limited over a five year period.

 

Flannery, 51, has been President and CEO of GE India since 2009. Flannery will succeed Pamela Daley who is retiring after 24 years with GE.

Business | News published on 11 / 02 / 2013 by Bharat Vasandani

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