GE Names David Joyce Vice Chair, Heading GE Aviation And Additive Manufacturing

(RTTNews) - Conglomerate General Electric Co. (GE) announced Monday that its Board of Directors has named David Joyce a company vice chair leading GE Aviation and additive manufacturing.

In addition, Joyce will lead GE's efforts to establish and grow an additive manufacturing equipment, materials and services business, as well as accelerating additive manufacturing applications across GE.

Last week, GE announced plans to acquire two suppliers of additive manufacturing equipment, SLM Solutions Group AG and Arcam AB for $1.4 billion. Both companies will report into Joyce. GE expects to grow its additive business to $1 billion by 2020 at attractive returns and also expects $3-5 billion of GE product cost-out across the company over the next ten years.

The company noted that Joyce has spent his career at GE Aviation, holding a series of technical and leadership roles, and influencing the design and launch of GE's most innovative and popular engines over the past three decades. In 2008, he was named President and CEO of GE Aviation.