International company General Electric (GE) has officially come to Papua New Guinea, with former Telikom CEO, Peter Loko, appointed as GE Country Head.
GE’s vice chairman John Rice opened PNG’s first office in Port Moresby yesterday, bringing on board Peter Loko to steer PNG’s direction in sectors such as resource, power and water supply, and education.
“I am excited to take on this new role and in turn help PNG achieve its objectives in the key areas of power, water, healthcare and oil and gas,” Mr Loko said, and the feeling is mutual.
Mr Loko’s seasoned experience as CEO in PNG’s corporate and government sectors, which include Telikom PNG CEO and National Capital District Commission (Port Moresby) CEO, is an invaluable attribute to GE.
His Transparency International (PNG branch) membership is also notable in GE’s strong, behavioural and integrity-based ‘Spirit and the Letter’ policy.
President and Chief Executive Officer of GE (Australia and New Zealand), Geoff Culbert, spoke of building on GE’s involvement in the PNG LNG project.
“PNG is undergoing incredible change, driven by huge mineral and gas projects which are rapidly transforming the country. GE has the technology, the global experience and the local capability to help PNG reach its growth goals,” Mr Culbert said.
He also mentioned the $17 billion GDP over PNG’s 22 provinces, growing annually at an 8 per cent rate, along with GE’s plans to further assist in development of the PNG economy.
Mr Loko expressed his passion in developing the critical infrastructure needed for PNG’s future.
The millennium-old, global company has been providing innovation in various sectors that include engineering, energy and transportation.
General Electric has previously been listed 16th on Fast Company’s 2011 list of most innovative companies. According to Forbes, as of May 2014, the company’s marketing capital sits at USD$259.56 billion.
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