By ge's vaunted standards, long-term strategic thinking actually slows down the speed we need to navigate abrupt shifts typical of global markets “business has no shelf life you really can't be captivated by anything that's happened in the past it's all about today and tomorrow in business” – jeff immelt. The announcement of the retirement of ge's longtime ceo, jeff immelt, shatters investors' expectations and the company's outlook but will it change the stock's even if flannery pursues exactly the same strategy as immelt, investor and stakeholder confidence are likely to improve that will be an asset to. General electric (ge) is staying the course on its digitally driven strategy started under outgoing ceo jeff immelt, as the dow component on tuesday unveiled a suite of big data tools and software that can transform how companies manage and service their machinery at an event in berlin, the industrial. Jeff immelt steven senne, associated press file general electric ceo jeff immelt speaks during a news conference in boston in 2016 general electric what that will result in seems unclear, but flannery said he planned to continue immelt's strategy of adding digital capabilities to ge's industrial. With the news that jeff immelt is stepping down as chief executive officer of general electric co, it seems worthwhile to take an early measure of his legacy after 16 years at the helm, with the stock price essentially unchanged since he took over, the announcement wasn't all that much of a surprise still, the. Jeff immelt has struggled to please wall street during his nearly 16 years as general electric's chief executive “i wouldn't expect a real departure from the strategies that jeff put forward,” said michael greeley, a co-founder and partner at boston-based healthtech venture firm flare capital partners. Jeff immelt, former ceo of general electric, brings star power and a wealth of experience to his new role as chairman of health-care firm athenahealth, analysts say however he arrives at athenahealth as elliott management pushes for operational and strategic changes to maximize shareholder value. For much of jeff immelt's 16-year run atop one of the world's largest conglomerates, an empty business jet followed his ge-owned plane on some mr flannery is expected to unveil the results of a strategic review that includes thousands of corporate-level job cuts and scaling back of ge's global structure.
Even so, ge digital's work has been slow going, perhaps revealing an achilles' heel of immelt's long-term strategy compared with big corporations, startups tend to innovate faster, so ge has taken to acquiring them or simply white- labeling their technology “ge is finally realizing that it's hard to build this. When jeff immelt became the ceo of general electric in 2001, he was following jack welch, one of the late-20th century's most prominent corporate if you're running a company and you think you're going to read your strategy in the wall street journal or an analyst report, you're probably not going to. Jeff immelt is stepping down after 16 years at the helm of ge, and by most measures he was a successful leader he directed a sweeping transformation of the every pivot in ge's business strategy was accompanied by a thorough communication program the “ecomagination” campaign highlighted its. Disappointed investors drove ge stock down an additional 13 percent in the two succeeding days, bringing the cumulative decline to 40 percent since flannery was announced on june 12, 2017 as successor to former ceo jeff immelt credit activist investor nelson peltz and his partner ed garden (now a.
General electric chairman and chief executive jeff immelt, shown after the groundbreaking for the company's new headquarters in fort point in an interview monday, flannery said he'll take the strategies he used to turn around the health care business he has run since 2014 and apply them to the entire. The 55-year-old succeeds jeffrey immelt at a turning point for the company founded by thomas edison in the late 1800s his predecessor, whose tenure included challenges from the 9/11 attacks to the 2008 financial crisis, streamlined ge to focus on digital manufacturing but struggled to drive up the stock. It's out with the old and in with the new, with big ramifications for ge's growth.
A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies ge stock has almost halved since mr immelt resigned as ceo and the company is considering whether to break itself up. Flannery did not mention any specific plans for ge, but said digital efforts will be at the heart of its strategy general electric chairman and ceo jeffrey immelt ( c), senior vice president for corporate business development john flannery and clara gaymard (l), the head of ge france, leave after a. I shared the following blog post with ge employees tomorrow, i will pass the baton over to john flannery, who i know is the right person to lead ge into the future we have re-imagined our strategy and culture, building a deep, focused portfolio with leadership in the world's most important industries. General electric (ge, -130%) ceo jeff immelt is stepping down in august, ending his 16-year tenure as the leader of the $120 billion company it's a textbook then immelt will depart, a clean break that will enable flannery to carry out his own assessment of ge's businesses and embark on his strategies.
(bloomberg view) jeff immelt may be stepping down as ge's ceo, but his digital legacy at the industrial giant will linger on that makes a breakup less tenable immelt's successor, john flannery, said he plans to review the general electric co empire he's inheriting, fueling speculation that the $240 billion.
Flannery, 55, will succeed current chairman and ceo jeffrey immelt, and will become chairman in january 2018 his goals for ge will be consistent with the strategy changes immelt's team made in recent years, which included an exit from financial services, and major acquisitions and alliances, rice said. General electric has seen the future: it is both stateless and globalist with the anointment of john flannery to succeed jeffrey r immelt as chief executive, the $255 billion industrial titan appears to be doubling down on a strategy that transcends its american roots mr flannery has spent much of his career. Jeff immelt, the chairman and ceo of general electric (ge), visited georgetown university on may 4, 2017, to discuss globalization and the role of private immelt's advice for students trying to become confident, strategic global leaders is to see globalization for themselves by traveling, getting to know the.