Scott Strazik

Since November 2021

Age

45 years

Education

Earned a bachelor's degree in industrial labor relations from Cornell University and a master's degree from Columbia University's School of International and Public Affairs with a focus on Economics and Public Policy.

Tenure

Has served as the Chief Executive Officer at GE Vernova since November 2021, being appointed during its spin-off.

Also at GE Vernova Inc

Kenneth Parks

CFO

Matthew Potvin

VP, Chief Accounting Officer

About

Scott Strazik is the Chief Executive Officer at GE Vernova, having assumed the role in November 2021 as part of the company’s spin-off. With over 20 years of experience in finance, operations, and leadership at General Electric—including more than 10 years in GE’s power businesses—he has been pivotal in driving strategic initiatives to electrify and decarbonize the energy sector.

Before his current role, he held several key positions such as President and CEO of GE Power Services in 2017 and CEO of GE Gas Power in 2018, later expanding his leadership to encompass all GE Power businesses in 2021. His earlier career also includes serving as CFO for GE Gas Power Systems and for GE Aviation's Commercial Engine Operations, experiences that helped build his robust financial and operational acumen.

He earned his academic credentials from prestigious institutions, holding a bachelor's degree from Cornell University and a master's degree from Columbia University’s School of International and Public Affairs, which provided him with a solid foundation in industrial labor relations, economics, and public policy. Although detailed personal information outside his professional journey is limited, his continued strategic leadership reflects a deep commitment to innovation and operational excellence at GE Vernova.

$GEV Performance Under Scott Strazik

Past Roles

Organization	Role	Date Range	Details
GE Gas Power	CEO of GE Gas Power (expanded role to lead all GE Power businesses in 2021)	2018 – 2021	N/A
GE Power Services	President and CEO	2017 – 2021	Oversaw the services business within GE Power
GE Gas Power Systems	Sales and Commercial Operations Leader	July 2016 – October 2017	N/A
GE Gas Power Systems	Chief Financial Officer	July 2013 – June 2016	N/A
GE Aviation	Chief Financial Officer for Commercial Engine Operations	May 2011 – June 2013	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,208,333	Annual (pro-rated for 2023)	Fixed base salary pro-rated for 2023 as disclosed
Life Insurance Premiums	$18,995	Annual	Taxable payments covering premiums for universal life insurance policies (Executive Life & Leadership Life)
Company Contributions to Retirement Plans	$13,200	Annual	Contributions under the Retirement Savings Plan including matching (up to 4% of eligible pay) and automatic contributions (3% of eligible pay)
Other Compensation	$38,392	Annual	Additional benefits provided under the executive compensation program

Performance Compensation

Data from FY 2023

Annual Executive Incentive Plan (AEIP) for 2023

Metric	Weight	Threshold	Target	Maximum	Actual Result	Safety Modifier
Organic Revenue Growth	20%	2.3%	5.2%	9.8%	11.4%	N/A
Operating Profit ($M)	40%	(600)	0	500	12	N/A
Free Cash Flow ($M)	40%	(650)	0	650	594	N/A
Safety Performance Modifier	N/A	N/A	N/A	N/A	N/A	-5%

Grant Details & Payout Information:

Grant Date: March 1, 2023
Grant Date Fair Value: $1,250,000; with a payout range from 0% to 160% of the target bonus
Evaluation: Payout is based on the achievement of the above performance metrics with the final bonus adjusted by the safety performance modifier (resulting in 124% of the target bonus)

Long-Term Equity-Based Incentive Compensation for 2023

Metric	Weight	Threshold	Target	Maximum
Adjusted Earnings Per Share	50%	$1.20	$1.80	$2.20
Free Cash Flow ($MM)	50%	$3,100	$3,800	$4,500

Additional Details:

Vesting Schedule: The Performance Stock Units (PSUs) granted on March 1, 2023, vest 100% in 2026, contingent upon the achievement of performance conditions.
Performance Evaluation: Based on the average performance over three consecutive one-year periods with a potential adjustment of ±20% based on the three-year relative Total Shareholder Return (TSR) of GE versus the S&P 500 Industrials Index.
Grant Date Stock Price: $84.14
Grant Date Fair Value of PSUs: $999,964
Conditions: The actual number of PSUs vested can range between 0% and 175% of the target depending on performance outcomes