General Electric (GE) today appointed Banmali Agrawala as President and Chief Executive of its business operations in India, a key market for the American corporate giant.

Agrawala, whose appointment will be effective April 1, 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 CEO Jeffrey Immelt.

All business leaders of GE in the country, including those associated with the firm’s energy ventures, will report to Banmali, who will report to GE Vice-Chairman John Rice.

“India is a key market for GE, where we have been doing business for over 100 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 three years”.

“I am confident Banmali will build on that good work. We are optimistic about India and see plenty of opportunity for growth across all our main businesses,” Rice said.

Before joining GE, Banmali was with Tata Power Company, where he was Executive Director for Strategy and Business Development and also served on its board of directors.

Banmali was also with Wartsila, holding several leadership positions in both India and Europe, and ultimately serving as Managing Director of Wartsila India for five years.

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