BOSTON, MA – Dec. 11, 2019 – GE Current, a Daintree company, the digital engine for intelligent environments, today announced the appointment of Manish Bhandari to Chief Executive Officer (CEO). He succeeds Randall Swift, a partner at parent company American Industrial Partners (AIP), who has served as the interim president and CEO.
Current’s blend of efficient lighting solutions and controls, sensors and software creates sustainable, efficient, intelligent environments in commercial offices, retail stores, industrial facilities and cities.
“Current’s extensive, controls-driven lighting portfolio is in an industry led by innovation,” said Bhandari. “It is a great honor to have the opportunity to join the Current leadership team and serve alongside more than 2,000 talented employees worldwide as the company’s next CEO.”
Bhandari’s appointment caps Current’s April 2019 acquisition by AIP. Bhandari, selected to apply his extensive tenure within the digital-ready energy and infrastructure management space, comes to Current from Emerson (NYSE: EMR), a diversified industrial conglomerate, where he, most recently, was the group president for the discrete & industrial portfolio of businesses. He previously served as president of Chloride Industrial Power, a global business of Emerson based in France that provided industrial back-up power, and commercial emergency lighting solutions.
“Manish’s record of developing and leading digital-ready industrial businesses makes him ideally suited for the CEO role,” said Randall Swift, Operating Partner at American Industrial Partners. “His extensive experience managing the needs of large global customers and world-class distribution channels will greatly benefit Current’s vision and AIP is excited to partner with him.”
Mr. Bhandari holds a bachelor’s degree in mechanical engineering from University of Jodhpur-India, an MBA Human Resources from Xavier Labor Relations Institute (XLRI) of India and an MBA from Institut Européen d'Administration des Affaires (INSEAD) of France.
About GE Current, a Daintree company:
Current is the digital engine for intelligent environments. Current blends advanced LED technology with networked sensors and software to make commercial buildings, retail stores, industrial facilities and cities more energy efficient & productive. Backed by a broad ecosystem of technology partners, Current is helping businesses and cities unlock hidden value and realize the potential of their environments. For more information, visit www.gecurrent.com.
About American Industrial Partners
American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 95 transactions and currently has approximately $7 billion of assets under management on behalf of leading pension, endowment and financial institutions. For more information on AIP, visit www.americanindustrial.com.
Racepoint Global for Current