|
|
|
|
|
The eBearing News
November 27, 2000
GE Names Immelt to Succeed Welch as CEO
copyright © 2000 eBearing Inc.
General Electric Company (Fairfield, Connecticut) announced today the long-awaited
news of who would be chosen to succeed retiring CEO Jack Welch. Welch is commonly
regarded as the world's leading CEO talent, but has long held to a self-imposed
retirement date of sometime in 2001.
GE's board today named 44-year-old Jeffrey R. Immelt, the head of GE Medical Systems,
as Welch's successor. Welch had been expected to step down in April 2001, but put off
his retirement until the end of 2001 so he could oversee GE's pending $45 billion
acquisition of Honeywell.
Three GE executives had been in the running, but Immelt had been the insiders' choice
for some time. The others were James McNerney, Jr., President and CEO of GE Aircraft
Engines, and Robert Nardelli, President and CEO of GE Power Systems.
Immelt will also serve as a member of GE's corporate executive office in Fairfield,
along with Welch and Dennis Dammerman and Robert Wright.
Immelt, a Harvard MBA, had been President and CEO of GE Medical Systems, which is
a $7 billion
unit. He joined GE in 1982 in corporate marketing, moved to GE Plastics, then
joined GE Appliances in 1989 as VP and in 1991 was named VP of worldwide marketing.
In 1993, he was named VP/GM of GE Plastics and has headed GE Medical Systems since 1997.
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
|
|
eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
