Riccardo joined GE in 1996 covering different technical and commercial roles before being assigned to Asia in 2000 as GE Oil & Gas region sales manager based in Kuala Lumpur. During his tenure, landmark projects were secured in the region in strategic segments like LNG and Pipeline. At the end of 2003, he moved back to the GE Oil & Gas headquarters in Florence, Italy, leading the Contractual Service Agreements business unit, part of the business' Global Services division. In 2006, he relocated with his family to New Delhi, India, in the role of GE Country Leader, with the mandate to establish the Company's operations in India, while identifying and launching key localization initiatives and partnerships. In 2009, he was nominated to the role of TurbomachineryApplied Technology leader based in Florence, Italy, where he was responsible for the product leadership of the entire Turbomachinery portfolio, which spans from compressors to gas and steam turbines, turboexpanders, pumps, valves and control systems. In this capacity, Riccardo has spearheaded the development,testing and feasibility of new technologies such as the LM6000 for mechanical drive, the first floating LNG applications, and increasing the competitiveness of GE's steam turbines through the development of new high speed/high efficiency blades. In 2013, Riccardo joined GE Aviation Systems as Avio Aero integration leader, based in Turin, Italy. In this role, Riccardo led the team that planned the smooth transition of Avio Aero into GE. He was promoted to CEO of Avio Aero in mid2013. In May 2020, he assumed additional responsibilities as CEO of GE Additive. Riccardo holds a master's degree in mechanical engineering and a Ph.D. in turbomachinery from the University of Rome "La Sapienza".
What is Riccardo Procacci's net worth?
The estimated net worth of Riccardo Procacci is at least $2.24 million as of November 6th, 2024. Mr. Procacci owns 13,289 shares of General Electric stock worth more than $2,237,469 as of December 21st. This net worth estimate does not reflect any other assets that Mr. Procacci may own. Learn More about Riccardo Procacci's net worth.
How do I contact Riccardo Procacci?
Has Riccardo Procacci been buying or selling shares of General Electric?
In the last ninety days, Riccardo Procacci has sold $1,267,910.00 of General Electric stock. Most recently, Riccardo Procacci sold 7,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a transaction totalling $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at $2,407,036.57. Learn More on Riccardo Procacci's trading history.
Who are General Electric's active insiders?
General Electric's insider roster includes H. Culp, Jr. (CEO), Alexander Dimitrief (SVP), Edward Garden (Director), Amy Gowder (President & CEO, Defense & Systems, GE Aerospace), Carolina Happe (Sr. VP & CFO ), Michael Holston (SVP), Jeffrey Immelt (Chairman), Riccardo Procacci (President & CEO, Propulsion & Additive), Paula Reynolds (Director), Leslie Seidman (Director), John Slattery (SVP), Russell Stokes (President and CEO, Commercial Engines and Services), Scott Strazik (SVP), and Thomas Timko (VP). Learn More on General Electric's active insiders.
Are insiders buying or selling shares of General Electric?
During the last year, insiders at the conglomerate sold shares 6 times. They sold a total of 110,471 shares worth more than $17,588,110.04. The most recent insider tranaction occured on November, 18th when SVP Russell Stokes sold 15,550 shares worth more than $2,772,409.50. Insiders at General Electric own 0.7% of the company.
Learn More about insider trades at General Electric. Information on this page was last updated on 11/18/2024.
