Dybeck Happe, who joins GE from A.P Moller-Maersk, the world's biggest container shipping group, will take over from Miller early next year, GE said. Miller, who was named CFO in October of 2017 by ousted CEO John Flannery, announced her resignation in July as Larry Culp began to take control of the struggling company's uneven turnaround.
"Carolina is a proven global CFO with a superior track record of delivering results and creating value. After a rigorous global search process, I'm excited to welcome Carolina to GE," Culp said in a statement Monday. "She is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed operating skills, and transformational leadership abilities."
"She will be a strong partner as we execute our deleveraging plan and improve our operating results to position GE for sustainable, long-term value creation," he added.
GE shares rose 0.91% to $11.66 on Monday, a move that would still leave the stock with an impressive 60% year-to-date gain and a market value of just over $100 billion.
GE's most-vocal challenger, however, cautioned earlier this month that its core core-business earnings are running around 10% below estimates the company made in made in March.
JPMorgan analyst Stephen Tusa also noted that GE's healthcare division has seen no growth this year, warned of a "downside" at its power/renewable business and an "in-line result" in the aviation unit.
"The temporary influence of GE Capital on segment profit, shifting the losses to corporate ... is at odds with the narrative that the page has been turned from the historic culture," Tusa wrote.