BOSTON. 2 JULY 2018. GE announced that Todd Ernst will join GE as vice president of investor relations, effective July 23, 2018. In this role, Ernst will be responsible for communicating the vision and value of GE’s transformation with its shareholders and the financial community. Ernst joins GE from Raytheon, where he served most recently as vice president of Corporate Development. He succeeds Matt Cribbins, who is leaving GE as part of a planned transition process.
Jamie Miller, chief financial officer of GE, said, “Todd brings a wealth of experience with sell-side and buy-side equity analysts, deep knowledge of capital markets, and a strong network of relationships across the financial community. His financial and strategic analysis skills will be a great asset as we continue our progress on our plan to strengthen and simplify GE with our broad, diverse population of shareowners.”
Miller said, “Matt’s sound judgment and deep expertise helped guide GE through one of the most significant periods of change in our history. He has been a trusted partner and counselor to John and me as we assumed our roles, and his leadership in helping develop GE’s new operating system for the company will help our businesses run better. As we move now to implement this operating system and new company strategy, GE’s owners will continue to benefit from Matt’s diligent efforts.”
Prior to serving as vice president of Corporate Development at Raytheon, Ernst led investor relations for seven years. In Institutional Investor’s 2018 “All-American Executive Team” rankings, he was ranked first place by both the buy-side and sell-side for investor relations professionals, in the Aerospace & Defense (A&D) Electronics industry.
Ernst joined Raytheon in January 2010 as director, Competitive Assessment for Corporate Strategy. Previously, he held senior equity analyst positions at Balyasny Asset Management and Neuberger Berman, covering aerospace and defense and other industry sectors. He holds a Bachelor of Arts in History from DePauw University and a Master of Business Administration with an emphasis in Finance and Corporate Strategy from the University of Michigan’s Ross School of Business. He is also a designated Certified Treasury Professional.
Cribbins, who has served the Company for 23 years, has held the role of vice president of investor communications since 2014. In this role, Cribbins has engaged and educated investors through the sale of most GE Capital assets as well as GE’s CEO succession, recent strategic review and plan to refocus its portfolio and structure, and investments for growth in digital and additive manufacturing technologies.
Cribbins joined GE in 1995 and is a graduate of GE’s Financial Management Program and Corporate Audit Staff. He proceeded to assume increasingly senior roles in finance in the company, including chief financial officer for GE Capital Asia, GE Commercial Finance Asia and GE Energy Financial Services; global financial planning and analysis manager for GE Capital; and led GE’s Corporate Audit Staff program. In 2018, Cribbins ranked first in Institutional Investor’s “IR Professional” for multi-industrials.