John Flannery Related Content

GE Replaces Flannery with New Chairman & CEO

GE named H. Lawrence Culp, Jr. chairman and CEO succeeding John Flannery. The GE board also appointed Thomas W. Horton as lead director. read more

GE Will Separate Healthcare, BHGE; Focus on Aviation, Power & Energy

GE said as a result of a strategic review it will focus on Aviation, Power and Renewable Energy, separate GE Healthcare into a standalone company and separate from BHGE over the next two to three years. read more

Bloomberg: GE Repeats Past Blunders

Bloomberg reported that GE is repeating its past failures under CEO John Flannery, who is not living up to his pledge to remain transparent about the industrial giant’s struggles. read more

SEC Investigates GE’s Revenue Recognition Practices

The Wall Street Journal reported that the Securities and Exchange Commission is looking into GE Capital’s revenue recognition practices for “long-term service contracts.” read more

GE CEO Flannery Announces Possible Company Breakup

The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units. read more

General Electric to Cut Dividend 50%

GE announced its board of directors has determined to set the company’s quarterly dividend to a projected of $.12 per outstanding share which represents a 50% reduction from the current quarterly dividend. read more

Bloomberg: GE’s Dismal Performance Puts Dividend at Risk

Bloomberg reported GE’s shares have fallen 32% in 2017, causing concern that if the new CEO’s plan to change the trajectory of the company is not successful, GE may have to cut its dividend for only the third time in its history. read more

GE’s Flannery Wants to Cut Assets in Wake of ‘Horrible’ Results

After GE produced what he called “horrible” results, CEO John Flannery is planning to cut upwards of $20 billion worth of assets, Reuters reported. read more

Santana to Succeed Miller as CEO of GE Transportation

GE announced Rafael Santana, president and CEO of GE Latin America, was named president and CEO of GE Transportion, succeeding Jamie Miller, who will become chief financial officer of GE on November 1, 2017. read more

Miller Replaces Bornstein as GE CFO; Rice, Comstock to Retire

GE announced Jamie Miller, CEO of GE Transportation, has been named chief financial officer, replacing Jeffrey S. Bornstein who will leave the company at the end of this year. GE also announced John Rice and Beth Comstock will retire effective December 31, 2017. read more

GE Sells Industrial Solutions Business to Switzerland’s ABB

Switzerland’s ABB announced the acquisition of GE Industrial Solutions for $2.6 billion. GE’s global electrification solutions is headquartered in Atlanta and has about 13,500 employees around the world. read more

GE to Ground Corporate Fleet of Jets

Fox Business News reported that General Electric is cutting its spending on operations including the grounding of its corporate fleet of jets. read more

Flannery to Replace Immelt as Chairman and CEO of GE

President and CEO of GE Healthcare John Flannery was named Chairman and CEO of GE, replacing retiring Jeff Immelt. Flannery has experience leading elements of GE Capital and GE Equity. read more

Former GE Capital Leader to Head GE Healthcare

GE Chairman and CEO Jeff Immelt announced the appointment of John Flannery as president and CEO of GE Healthcare succeeding John Dineen. Flannery was a senior leader at GE Capital. read more

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