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GE Vernova
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Latest analysis
Updated Aug 27, 2026
CFO transition: Kenneth Parks retires April 2027, Claire McDonough (ex-Rivian CFO) assumes role January 2027.
GE Vernova announced the succession of its Chief Financial Officer effective January 1, 2027, with Claire McDonough replacing Kenneth Parks, who retires April 2, 2027. McDonough joins from Rivian Automotive where she served as CFO since 2021, bringing experience from J.P. Morgan and AutoZone board service. The transition includes a six-month overlap period beginning November 1, 2026, during which McDonough serves as strategic advisor. Total compensation package for McDonough includes $1 million base salary, 100% annual incentive target, $5.225 million 2027 LTIP grant, $14.5 million make-whole equity award for forfeited Rivian compensation (RSUs and PSUs), and a $5 million cash sign-on bonus with 12-month repayment obligation if she resigns or commits Cause-level conduct.
Tone: neutralRevenue
$38.1B
GEV 10-K · FY 2025
Employees
75,000
Revenue FY2024
$34.9B
Headquarters
Cambridge, MA
Profile
GEV 10-K Item 1 · Jan 29, 2026GE Vernova is a global electric power technology company whose installed base generates approximately 25% of the world's electricity. The company designs, manufactures, and services equipment for power generation, grid transmission, and energy storage across three segments: Power, Wind, and Electrification. It was spun off from General Electric Company on April 2, 2024 and is now an independent, Delaware-incorporated public company.
Read filing description ↓ Collapse description ↑
GE Vernova Inc. is a global leader in the electric power industry, with products and services that generate, transfer, orchestrate, convert, and store electricity. We design, manufacture, deliver, and service technologies to create a more reliable, secure, and sustainable electric power system, enabling electrification and decarbonization, underpinning the progress and prosperity of the communities we serve. We are a purpose-built company, positioned with a unique scope and scale of solutions to help accelerate the energy transition, while servicing and growing our installed base and strengthening our own profitability and stockholder returns. We have a strong history of innovation, which is a key strength enabling us to meet our customers' needs. The breadth of our portfolio also enables us to provide an extensive range of technologies and integrated solutions to help advance our customers' energy and sustainability goals. Our installed base generates approximately 25% of the world's electricity. We build, modernize, and service power systems to help our customers electrify their operations and economies, meet power demand growth, improve system reliability and resiliency, and navigate the energy transition through limiting and reducing emissions. The portfolio of equipment and services that we deliver is diversified across technology types and is adaptable based on electric power market conditions and demand. GE Vernova Inc. is a Delaware corporation with corporate headquarters in Cambridge, Massachusetts. On April 2, 2024, General Electric Company (GE), which now operates as GE Aerospace, completed the previously announced spin-off of GE Vernova.
Primary products
- Heavy-Duty Gas Turbines
- Aeroderivative Gas Turbines
- Steam Turbines
- Nuclear Power Reactors
- Small Modular Reactors (SMR)
- Hydropower Generation Solutions
Business segments
End markets
Geographies
Named competitors
“We believe GE Vernova's businesses' ability to supply the electric power industry with a broad array of advanced technologies for an intelligent, sustainable power system that help customers accelerate the energy transition is a key differentiator among various competitors.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased $3.1 billion, or 9%, in 2025 versus 2024, driven by growth in Electrification and Power equipment and services, partially offset by declines in Offshore Wind.
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