GE has announced that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024.
Kenneth “Ken” Parks will join GE Vernova as Chief Financial Officer (CFO), effective October 2, 2023. Most recently, Ken served as CFO for the global building materials producer, Owens Corning. Prior to Owens Corning, Ken served as public company CFO at global companies Mylan and Wesco International (NYSE: WCC). He was previously divisional CFO at United Technologies Corp (UTC) Fire & Security and also served for three years as Director of Investor Relations. Ken held finance roles at Carrier Corporation and York International and began his finance career with Coopers & Lybrand. He became a Certified Public Accountant after completing a Bachelor of Science degree in Accounting at the University of Tulsa.
Victor “Vic” Abate, who currently leads GE Vernova’s Onshore Wind business, will expand his responsibilities effective immediately to lead the full Wind segment across GE Vernova, which also includes Offshore Wind and LM Wind Power businesses. Vic has served as CEO of Onshore Wind for the last 15 months.
He has more than 30 years of senior leadership experience and transformation success at GE. Vic served as CEO of both Gas Power Systems from 2013-2015 and the Renewable Energy businesses from 2005-2013 and currently also serves as GE’s Chief Technology Officer. Vic was previously President of the Board of Directors of the American Wind Energy Association and was a member of the Board of Directors of UI Labs. Prior to joining GE, Vic worked for Allied Signal and Zurn Industries and was responsible for mechanical drive technology and new product development. Vic holds a bachelor’s degree in mechanical engineering and an M.B.A from Rensselaer Polytechnic Institute as well as a master’s degree in mechanical engineering from Union College.
