General Electric CEO Jeff Immelt is stepping down

Jeff Immelt will be replaced as GE CEO and Chairman by another company executive, John Flannery.

General Electric announced Monday morning that CEO and Chairman Jeff Immelt is stepping down from his role at the company. After serving 17 years as CEO, Immelt will be replaced by John Flannery, the current president and CEO of GE Healthcare.

$GE names @JohnFlannery_GE as next CEO to succeed @JeffImmelt, effective August 1, 2017


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