GE Vernova CFO Kenneth Parks to retire Apr 2027; Claire McDonough (ex-Rivian) to succeed

GE Vernova Inc.

Claire McDonough becomes CFO effective Jan 1, 2027; joins as strategic advisor Nov 1, 2026.
McDonough package: $1M base, 100% target AIP, $5.225M LTIP, $14.5M make-whole award (50% RSU/50% PSU).
McDonough receives $5M cash sign-on; repayable if she resigns within 12 months or for Cause.
Parks retires Apr 2, 2027; gets salary/benefits through retirement, 2026 bonus, prorated 2027 bonus at target.
Parks forfeits unvested equity as of Retirement Date; served as CFO since pre-spin-off.

item 5.02

Executive movements

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Departed

Kenneth Parks

Chief Financial Officer

GEV · GE Vernova Inc.

Effective: 2027-01-01
Successor: Claire McDonough
Filed: August 27, 2026, 4:20 PM ET

On August 25, 2026, Kenneth Parks, Chief Financial Officer of GE Vernova Inc. (the "Company"), has decided to retire on April 2, 2027 (the "Retirement Date").

Appointed

Claire McDonough

Chief Financial Officer

GEV · GE Vernova Inc.

Effective: 2027-01-01
Filed: August 27, 2026, 4:20 PM ET

Effective January 1, 2027, Claire McDonough will become Chief Financial Officer of GE Vernova, succeeding Mr. Parks.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Parks departed as Chief Financial Officer at GE Vernova Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On August 25, 2026, Kenneth Parks, Chief Financial Officer of GE Vernova Inc. (the "Company"), has decided to retire on April 2, 2027 (the "Retirement Date").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Claire McDonough was appointed as Chief Financial Officer at GE Vernova Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective January 1, 2027, Claire McDonough will become Chief Financial Officer of GE Vernova, succeeding Mr. Parks.

View on SEC.gov

GE Vernova Inc. filing history →

Source: SEC EDGAR

accession 0001996810-26-000153

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