Banmali Agrawala named president, CEO of GE India

John Flannery made GE’s Senior Vice President for business development

Banmali Agrawala as been appointed as the 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. We are optimistic about India and see plenty of opportunity for growth across all our main businesses” Rice said in a statement issued today.

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.
GE presently provides technology solutions in energy, healthcare, infrastructure and financial services in India and employs 15,000 persons.

With around 6,000 engineers, GE's research centers in Bangalore, Hyderabad, Mumbai and Chennai are developing new technologies for both India and the global market. Besides, it has 13 local manufacturing and service facilities bring products, services and technologies closer to the customers.