Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

GE's hotshot Oil & Gas chief peers into future

GE's big focus on technology

Lorenzo Simonelli is 41, slim, nice looking and well spoken. He also possesses an impressive resume.

Last October he was tapped to run General Electric's fastest-growing business, GE Oil & Gas, and prior to that, he ran GE Transportation.

Simonelli will be closely watched both inside and outside of the conglomerate. He is often mentioned as a potential candidate to succeed his boss, Jeff Immelt, who became CEO of the company in 2001 at the tender age of 44.

GE Oil & Gas CEO Lorenzo Simonelli
Ulrich Baumgarten | Getty Images

On Wednesday, in New York City, Simonelli took the stage at an investor meeting to layout his vision for a business that has accounted for 47 percent of growth in GE's industrial revenue over the last five years.

Read MoreIndustry group touts benefits of oil, gas boom

Before he spoke with investors, Simonelli talked with CNBC. He said that when he became CEO of GE's oil and gas division, he was given two directives: Continue to grow the business and harness technologies from GE's other businesses to better serve his customers.

In these three videos, he explains his vision for the future of GE Oil and Gas.

—By CNBC's Mary Thompson

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