GE Oil & Gas to set up new HQ in London
Florence, Italy, July 31, 2013
GE Oil & Gas said it will establish its new global headquarters in London, while Florence will remain the global headquarters for GE Oil & Gas Turbomachinery Products & Services.
“London was selected as the new headquarters location given its position as a leading international business and travel hub,” said Dan Heintzelman, president and CEO of GE Oil & Gas.
“From this location, a team of leaders from our global support functions will be able to more efficiently reach and serve our colleagues and businesses globally.”
The new global headquarters will support the business and 43,000 employees working in more than 100 countries.
GE Oil & Gas expects to relocate a limited number of employees, mainly associated with the support functions, to London. The new headquarters will be operational in London starting in January 2014.
“Florence will keep strengthening its reputation as a center of excellence for the manufacturing of centrifugal compressors and gas turbines. In 2012 alone we invested more than $100 million in the modernization of our plants in Italy and continue to be committed to maintaining Florence as one of our premiere manufacturing sites,” Heintzelman added.
In addition to Turbomachinery Products & Services in Florence, GE Oil & Gas is comprised of Subsea Systems (Aberdeen, UK); Measurement & Control (Boston); Drilling & Surface (Houston); Downstream & Unconventional Products & Services (Houston); Lufkin (Lufkin, Texas) and PII Pipeline Solutions (Cramlington, UK). – TradeArabia News Service