American entrepreneur H. Lawrence Culp is most known for his time as the former CEO and President of the worldwide diversified company “Danaher Corporation.” On October 1st, 2018, Lawrence was appointed Chief Executive Officer and Chairman of ‘General Electric Company,’ the renowned American multinational conglomerate, after serving ‘Danaher Corporation’ for 24 years. The Harvard Business Review included Larry, as he is known, in its list of the “Top 50 CEOs.” In addition to serving on a successful board of directors, he is a Senior Lecturer in Business Administration at Harvard Business School. One of the most prestigious names in the industrials industry is Lawrence Culp. Learn more about his early years, professional life, and personal life by reading on.
Early Childhood & Life
The year 1964 saw the birth of H. Lawrence Culp in the USA. He was raised in the metro area of Washington, D.C. Larry Culp attended “Washington College” after completing high school and was a part of “Phi Beta Kappa,” the oldest and most prestigious honor society in the country.
He obtained a “Bachelor of Arts” in Economics from “Washington College” before going on to earn an MBA from the esteemed “Harvard University.”
Career of H. Lawrence Culp
He began his career in 1990 when he joined Veeder-Root, a then-subsidiary of “Danaher Corporation.” Three years after he started working there, Larry was promoted to president. In 1995, he was named group executive and corporate officer. After receiving a promotion, Larry was given the duty of managing the business’s “Environmental and Electronic Test and Measurement” platforms. In addition to running a portion of “Danaher,” Larry also presided over “Fluke and Fluke Networks.” Because of Larry’s incredible impact on the company’s success, he was appointed Executive Vice President of the business in 1999. He was appointed CEO and President of “Danaher Corporation” in 2001.
Larry Culp transformed “Danaher” from a modest heavy duty vehicle manufacturer into a worldwide diversified firm during his 14 years as the company’s CEO and President. With this, he established a reputation for saving businesses. This made him an obsessional pick for the illustrious global corporation “General Electric” (GE), which had a hard year in 2017.
As of October 1st, 2018, Larry Culp took over as General Electric’s CEO and Chairman in place of John Flannery. In the 126-year history of General Electric, Larry’s appointment made him the first independent outside director to assume that position.
Major Other Works
Additionally, Lawrence Culp has held a position on the board of the renowned British pharmaceutical corporation GlaxoSmithKline. Currently, he works for “Bain Capital Private Equity” as the Senior Advisor. Larry has experience leading international corporations and sitting on the boards of numerous educational institutions. Larry presently holds a significant role on the “Board of Visitors and Governors” of “Washington College” after serving as chairman of the board of “The Potomac School” in Virginia. Additionally, he serves on the “Board of Trustees” of Wake Forest, a private research institution with its headquarters in Winston-Salem. He is a Senior Lecturer of Business Administration at the “Harvard Business School” as well. In his role as a lecturer for the MBA and other executive education programs, Larry concentrates on strategy, leadership, and general management.
Achievements of H. Lawrence Culp
In the field of industrials, Lawrence Culp is regarded as an authority. He has developed a reputation for guiding even failing businesses toward prosperity over the years. He is significantly responsible for ‘Danaher Corporation’s’ $20 billion revenue increase. The company’s market valuation increased five-fold under his tenure, reaching an enormous $50 billion. Additionally, he was in charge of increasing ‘Danaher’s’ worldwide sales from 40% to 60%. He played a key role in the development of the “Danaher Business System,” the company’s overall operational philosophy. Larry has continuously been rated as one of the top CEOs in the yearly “Institutional Investor” surveys. He was also included in the Harvard Business Review’s list of “The Top 50 CEOs.”
Individual Life of H. Lawrence Culp
Lawrence Culp rarely discusses his personal life since he prefers that his family avoid publicity wherever feasible. Despite having a verified Twitter account that was established on October 1 of this year, he is not even active on social media. His Twitter feed indicates that he currently resides in Boston, Massachusetts.
Net worth of H. Lawrence Culp
The estimated net worth of H. Lawrence Culp is about $1 million.