GE Names New CEO; Immelt to Retire Year-End

GE, Boston, announced today that John Flannery, current president and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective Aug. 1, and Chairman and CEO effective January 1, 2018.  Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement from the company on December 31, 2017.   In addition, Jeff Bornstein, current CFO, has also been promoted to Vice Chair of GE.  Today’s leadership announcements are the result of a succession plan that has been run by the GE Board of Directors since 2011. Details