Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 3

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 3
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LOCATION                                                                                                                     
 To                                                                                                                                       
 promote strong alignment with our investors, we have added directors who have experience overseeing investments or in                    
 making investment or capital allocation decisions. We believe that these directors can help focus management and the Board               
 on the most critical value drivers for the company, including with respect to providing strategic insights and oversight                 
 for our capital allocation and setting executive compensation targets and objectives.                                                    |
|                             | GLOBAL                                                                                                                                   
 We                                                                                                                                       
 seek directors with global business experience because GE Aerospace’s continued success depends on continuing to                         
 grow our businesses outside the United States. For example, we serve customers in approximately 120 countries. Directors                 
 with global experience offer valuable perspectives to the Board that help us better understand opportunities and navigate                
 challenges in global markets.                                                                                                            |

GE Aerospace 2025 Proxy Statement 13 Board Leadership Structure

GE Aerospace believes that independent board oversight is an essential component of strong corporate performance. We also believe that the decision as to whether the positions of Chairman and CEO should be combined or separated, and whether an executive or an independent director should serve as the Chairman should be based upon the circumstances facing the company. Maintaining flexibility on this policy allows the Board to choose the leadership structure that will best serve the interests of the company and its shareholders at any particular time. WHY OUR BOARD LEADERSHIP STRUCTURE IS APPROPRIATE FOR GE AEROSPACE AT THIS TIME. The Board continues to believe that its current leadership structure, which has a combined role of Chairman and CEO, counterbalanced by a strong independent Board led by a lead director and independent directors chairing each of the Board committees, is in the best interests of GE Aerospace and its shareholders. In the Board’s view, this structure allows Mr. Culp, as Chairman and CEO, to drive strategy and agenda setting at the Board level, while maintaining responsibility for executing on that strategy as CEO. At the same time, our lead director, Thomas Horton, works with Mr. Culp to set the agenda for the Board and also exercises additional oversight on behalf of the independent directors. In addition, the Board believes that combining the roles of Chairman and CEO is important to provide clarity on decision-making and accountability as we launch as a standalone aerospace company and any potential conflicts that might result from combining the roles can be effectively mitigated through the duties of our lead director. The Board will continue to review the appropriateness of this structure and consider shareholder feedback from our ongoing engagements. HOW WE SELECT THE LEAD DIRECTOR. The Governance Committee reviews potential candidates