General Electric (GE) announced on Monday that as its current chairman and chief operating officer, Jeff Immelt, will retire, John Flannery, current GE Healthcare President and Chief Operating Officer, has been appointed as GE's Chief Operating Officer, and Jeff Immelt will continue to serve as Chairman of the Board. Until December 31, 2017.
John Flannery has served as President and Chief Operating Officer of GE Healthcare since 2014. Prior to that, he was Senior Vice President of GE Business Development, President and Chief Operating Officer of GE India and Executive of GE Financial Group.
“The GE Board of Directors has chosen a manager with global operational experience and strong learning capabilities to take up this important position,†said Susan Peter, senior vice president and HR Director of GE, on his personal homepage. “John is at GE Group 30. The year's work history reflects its strong leadership and motivation, and demonstrates the unique thinking and research capabilities of managers, as well as the ability to coordinate multi-business development."
GE has initiated a series of procedures to ensure seamless transition of this major position change. Susan Peter said that GE believes that GE will be able to achieve outstanding business growth under the leadership of new leaders, bringing more benefits to investors, customers, the GE team itself and the world.
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