BOSTON–Suffolk Construction announced it has hired former GE Vice President of Financial Planning and Analysis Puneet Mahajan as its new Chief Financial Officer (CFO).
The strategic hires from these global innovation companies will help expand Suffolk’s national brand presence, position it for continued growth and support its mission to transform the construction industry.
Mr. Mahajan will be responsible for establishing Suffolk’s financial and information technology goals and strategies. He will direct the day-to-day financial and administrative functions, negotiate credit agreements and re-engineer the organization’s accounting and technology systems to maximize efficiencies.
As Vice President of Financial Planning and Analysis at GE, Mr. Mahajan was responsible for executing a critical element of that organization’s strategic transformation by focusing on enhancing the financial planning and reporting processes to drive better alignment with strategic goals, improve transparency, and increase accountability while reducing complexity.
During this tenure at GE, Mr. Mahajan improved the quality and timeliness of investor reporting, drove synergies across industrial segment operations, managed the Treasury operations strategy and provided detailed analysis and reporting for the CEO and Board.
Prior to this position at GE, Mr. Mahajan served as GE’s Chief Risk Officer, Chief Financial Officer of GE India, Chief Financial Officer of GE Capital Asia and Chief Financial Officer of GE Consumer Finance Japan. Mr. Mahajan earned his Bachelor of Commerce at Panjab University and Master of Business Administration at the GOA Institute of Management.