Global venture capital firm New Enterprise Associates, Inc. (NEA) has a new venture partner. Jeff Immelt who retired from his role as chairman and CEO of GE after 16 years will work with technology and healthcare companies at NEA. Immelt joined GE in 1982, serving as President of GE Healthcare before assuming the role of GE CEO in 2001. Immelt earned
The history of GE dates back to Thomas A. Edison. In 1876 Edison opened his Menlo Park, NJ, laboratory, from which came perhaps the greatest invention of the age – a successful incandescent electric lamp. In 1890, Edison established the Edison General Electric Company by bringing his various businesses together. Two years later Edison’s company combined with a competitor. They called
Flannery takes over as GE’s chairman GE surprised a few people yesterday announcing that Jeff Immelt had stepped down Oct. 2 as the company’s chairman, a move that was originally scheduled for Dec. 31, 2017. John Flannery, who was formerly CEO of GE Healthcare became CEO of GE on Aug. 1, but his move into the chairman’s role was expected
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