GE Aerospace (GE)

[Timothy Smith]

General Electric (GE -0.9%) promotes the top executive in its power business, Vic Abate, to become its new chief technology officer, overseeing ~50K employees and nine research centers, Bloomberg reports.

Abate replaces Mark Little, who is retiring after 37 years at the company; Joe Mastrangelo, a leader in the oil and gas unit, will succeed Abate as CEO of power generation.

GE has announced several high-level personnel changes in recent weeks, including its chief marketing officer, chief information officer and CEO of the transportation division.