John Flannery takes over from Jeffrey Immelt as CEO and Chairman at GE

John Flannery takes over from Jeffrey Immelt as CEO and Chairman at GE

GE, the industrial manufacturer said Jeffrey Immelt has John Flannery as the chief executive and Chairman of the company with immediate effect.

The company said in the statement that:

“Effective October 2, 2017, Jeffrey R. Immelt retired as a director and Chairman of General Electric Company’s Board of Directors in light of Mr. Immelt’s determination that the CEO transition has proceeded smoothly and that John L. Flannery, Chief Executive Officer, director and Chair-Elect, was ready to succeed Mr. Immelt as Chairman of the Board”.

The Board concurred and elected Mr. Flannery as Chairman of the Board effective October 2, 2017.