Monday, December 16, 2024

GE’s Immelt to Retire, John Flannery to Take over as CEO

From Reuters/EE The company said John Flannery, the head of GE Healthcare, would replace Immelt as CEO, effective Aug. 1. Immelt, 61, will remain chairman through his retirement on Dec. 31, following which Flannery will take over as chairman. General Electric Co said on Monday CEO Jeff Immelt would step down, capping a 16-year term that included steering the conglomerate through the financial