GE CEO Yohannes Tilahun set to resign

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General Electric Co (GE) CEO for Africa, Jay Ireland. Photographer: Patrick T. Fallon/Bloomberg.

According to a statement issued by Jay Ireland (CEO of General Electric Africa), Yohannes Tilahun (CEO of GE Ethiopia) has revealed that he will be resigning from his position, during the course of May 2016, in order to “pursue other opportunities.”

As per the statement, Ireland revealed that: “Yohannes brought years of experience in designing and successfully executing large multi-stakeholder projects and leading teams to deliver results. We thank Yohannes for his contributions to support GE’s growth in Ethiopia and we wish him all the best in his future endeavors.”

Yohannes had joined the company from Ethiopian Investment Commission (“EIC”), where he held the role of Senior Director, Strategy.  He has also served as a special advisor to the CEO of the EIC as well as other Government Ministers on numerous issues including priority focus areas for greater economic development through private sector involvement.  Prior to this, he held roles of increasing responsibilities in the US with Wells Fargo and Morgan Stanley.

With no further details on the resignation, Ireland revealed that Daniel Hailu, COO Ethiopia will be acting CEO Ethiopia until a replacement is identified.
Editor: Darryl Linington
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