General Electric extends CEO Culp's employment agreement

(Reuters) – General Electric Co (GE.N) said it has extended the employment agreement of Chief Executive Officer Lawrence Culp through August 2024.

The company’s board also approved a one-time equity performance grant to Culp, it said in a filing dated August 18. (bit.ly/31cOPL8)

Culp, who was hired in 2018 to replace CEO John Flannery, has since focused on improving General Electric’s free cash flow and cutting debt. (reut.rs/2YjMiwK)

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