GE names Wesley G. Bush director; Stephen Angel to resign Dec 4, 2025
Rhea-AI Filing Summary
General Electric Company announced a Board change: on September 29, 2025 the Board elected Wesley G. Bush as a director effective December 1, 2025, and current director Stephen Angel plans to resign effective December 4, 2025 following his new role as CEO of CSX Corp.
The Board will temporarily increase its size to add Mr. Bush and will decrease it after Mr. Angel’s departure. The Board determined Mr. Bush is an independent director under NYSE standards and appointed him to the Audit Committee. Following Mr. Angel’s resignation, Catherine Lesjak will chair the Management Development & Compensation Committee and Thomas Horton will chair the Governance & Public Affairs Committee. Mr. Bush will receive the same independent-director compensation outlined in the company’s 2025 proxy statement.
Positive
- Appointment of Wesley G. Bush adds an independent director with an Audit Committee seat effective December 1, 2025
- Board independence preserved: the Board determined Mr. Bush meets NYSE independence standards
- Orderly committee reassignments assigned chairs (Catherine Lesjak and Thomas Horton) to fill roles after the resignation
Negative
- Departure of Stephen Angel on December 4, 2025 reduces continuity from an existing director
- Temporary board size change required to manage the overlap, indicating a short-term governance adjustment
Insights
Board succession is organized and adds an independent Audit Committee member.
The Board elected Wesley G. Bush effective December 1, 2025, and will adjust its size around Stephen Angel’s planned resignation on December 4, 2025. Naming Mr. Bush to the Audit Committee preserves key oversight capacity and maintains independence under NYSE rules.
Dependencies include the timing of the formal resignation and smooth transition of committee chairs to Catherine Lesjak and Thomas Horton. Monitor the company’s public disclosures around December 2025 for any additional committee assignments or governance updates.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What change did GE (GE) announce to its Board of Directors?
GE elected Wesley G. Bush to the Board effective December 1, 2025 and announced that Stephen Angel plans to resign effective December 4, 2025.
Will Wesley G. Bush serve on any committees at GE (GE)?
Yes. The Board appointed Wesley G. Bush to serve as a member of the Audit Committee.
Is Wesley G. Bush considered an independent director at GE (GE)?
Yes. The Board determined Mr. Bush is an independent director under NYSE listing standards and the company’s governance guidelines.
Who will replace committee leadership after Stephen Angel departs at GE (GE)?
Following Mr. Angel’s departure, Catherine Lesjak will chair the Management Development & Compensation Committee and Thomas Horton will chair the Governance & Public Affairs Committee.
Will Wesley G. Bush receive compensation for his role on GE’s Board?
Yes. Mr. Bush will participate in the company’s independent director compensation and benefit program as described in the 2025 proxy statement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 29, 2025
(Exact name of registrant as specified in its charter)
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(Registrant’s telephone number, including area code) (617 ) 443-3000
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). | ||||||||
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| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 29, 2025, the Board of Directors (the “Board”) of GE Aerospace (“General Electric Company” or the “Company”) elected Wesley G. Bush to the Board, effective December 1, 2025. In addition, following the announcement of current director Stephen Angel’s new role as CEO of CSX Corp., Mr. Angel plans to resign from the Board effective December 4, 2025. In connection with these changes, the Board will increase its size to accommodate the election of Mr. Bush and approved a corresponding decrease in its size following Mr. Angel’s departure. A copy of the press release announcing the changes in the composition of the Board is attached as Exhibit 99.1 and incorporated herein by reference.
The Board has determined that Mr. Bush is an independent director under the New York Stock Exchange listing standards and the Company’s independence guidelines, as set forth in the Board’s Governance Principles.
The Board has appointed Mr. Bush to serve as a member of its Audit Committee. Upon Mr. Angel’s departure from the Board, Catherine Lesjak will serve as Chair of the Management Development & Compensation Committee and Thomas Horton will serve as Chair of the Governance & Public Affairs Committee.
Mr. Bush will participate in the compensation and benefit program for the Company’s independent directors, which is described on page 22 of the Company’s Proxy Statement for its Annual Meeting of Shareholders held on May 6, 2025, which was filed with the Securities and Exchange Commission on March 13, 2025.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | ||||||||||||||||
99.1 | Press release, dated October 1, 2025 issued by GE Aerospace. | ||||||||||||||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | ||||||||||||||||
Forward-looking statements
This document contains "forward-looking statements" - that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.geaerospace.com/investor-relations/important-forward-looking-statement-information as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| General Electric Company | |||||||||||||||||||||||||||||||||||
| (Registrant) | |||||||||||||||||||||||||||||||||||
| Date: October 1, 2025 | /s/ Brandon Smith | ||||||||||||||||||||||||||||||||||
Brandon Smith Vice President, Chief Corporate, Securities & Finance Counsel | |||||||||||||||||||||||||||||||||||
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