David Joyce is the former Vice Chairman and CEO of GE Aviation, with a remarkable 40-year career at General Electric (GE). He first joined GE and immersed himself in the intricacies of the business, eventually leading the Aviation sector. Under...

Number of Employees

125K

Year

2020

Total Compensation

$1.12M

Salary

$653.41K

Board Justification

The compensation philosophy emphasizes alignment with company performance, retention of key executives, and competitive benchmarking against peers.

Bonus

$0.00

Board Justification

Mr. Culp voluntarily forfeited his bonus for 2020, despite the 80% discretionary funding for the Corporate bonus pool.

Other

$463.80K

Board Justification

This amount reflects the change in pension value for Mr. Culp in 2020, which is part of his overall compensation package.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

No stock was vested in 2020 as the focus was on performance shares and other long-term incentives.

Performance Metrics

The performance metrics for determining compensation include operational execution, cost structure improvements, and debt reduction.

SEC Filing

From March 22, 2021

David Joyce

Ex-CEO of General Electric

DJ

Education

Bachelor's degree in mechanical engineering from Michigan State University and a master's degree in business finance from Xavier University.

Field of Expertise

Technology & Engineering - Engineering

Born

December 1, 1957 - 67 years ago

Is Founder?

No

Tenure

12 years 3 months (Jun 2008 - Sep 2020)

Previous Experience

40-year veteran of GE, previously served in various leadership roles within GE Aviation.