GE HAS announced the appointment of Peter Loko as its country head for Papua New Guinea. The appointment coincides with GE officially opening its first office in the country.
GE vice chairman John Rice, officially opened the office in Port Moresby on July 14 before travelling to Sydney to participate in the B20 Summit.
Peter Loko will work with each of GE’s industrial businesses, including Power & Water, Oil & Gas and Healthcare to develop individual strategies for PNG while representing and leveraging GE as a whole for the country.
GE Australia & New Zealand president and CEO Geoff Culbert says that GE’s operation in PNG builds on the company’s involvement with 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.
PNG’s 22 provinces have a combined GDP of $17 billion, growing at 8% per annum. GE already plays a significant role in the extraction of LNG, which is expected to substantially increase the nation’s GDP.
With the office and country head appointment, GE is looking to contribute even more to the development of the PNG economy, bringing global energy, water treatment and healthcare capabilities to the country.
Peter Loko says he has a passion for developing the critical infrastructure needed to achieve PNG’s short and medium term objectives. “I am excited to take on this now role and in turn help PNG achieve its objectives in the key areas of power, water, healthcare and oil & gas.”
Peter Loko brings a wealth of local PNG corporate, government and cultural experience to GE, having been CEO for State-owned Telikom PNG as well as CEO of the National Capital District Commission (Port Moresby) and a member of Transparency International, PNG Branch.
He will be based in Port Moresby where he lives with his wife and children. He also has a son in Australia. Peter Loko will report directly to Geoff Culbert and will be a member of the Australia and
NZ senior leadership team.
GE has been doing business in Papua New Guinea since 1952 with each of its industrial businesses active in the country.