GE replaces CEO John Flannery; shares rise 15 percent

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General Electric is making a change at the top, naming Lawrence Culp, former head of tech firm Danaher Corp. to replace CEO John Flannery.

 

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GE's Flannery steps down as CEO, shares jump 15 percentGeneral Electric Co Chief Executive Officer John Flannery abruptly stepped down ... ABFalecbaldwin still interested? 30Rock What happened to established 5 years process of picking a CEO at GE? I suspect the selection committee is a generation behind the digital age. Analog CEO will never work in this digital age.
Source: Reuters - 🏆 2. / 97 Read more »

GE Ousts CEO John Flannery in Surprise Move After Missed TargetsGeneral Electric ousted Chief Executive John Flannery after about a year in the job, a surprise move as the conglomerate revealed that deeper problems in its troubled power unit would cause the company to miss its profit and cash targets for the year.
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Why GE removed John Flannery as CEO after little more than a yearGeneral Electric's board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Uh just spitballing here, but maybe because GE fell off the Dow for the first time in 110 years? Oh please billionaire's at CNBC give advice to Elon Musk lmao, what are you going to suggest? that he waist his life typing crap for mouse clicks? Idiots Although Flannery is a brilliant guy he was still an insider giving GE the sameness it didn’t need. CEO material? sure but not for GE.Bringing Culp an outsider to look at GE situation w/a completely fresh set of eyes is what ge currently needs.
Source: CNBC - 🏆 12. / 72 Read more »

General Electric fires John Flannery as CEOJohn Flannery was CEO for a year, but General Electric's board decided to move in a different direction today, hiring Lawrence Culp, currently CEO of Danaher, to replace him.
Source: CNBC - 🏆 12. / 72 Read more »

Three experts on GE's future after firing CEO John FlanneryGeneral Electric announced today it was firing CEO John Flannery after only 13 months on the job. Here's where three experts think the company is headed now
Source: CNBC - 🏆 12. / 72 Read more »

Cramer explains why GE's board really booted former CEO John FlanneryJim Cramer argues that the former General Electric CEO wasn't removed because of the speed of his turnaround. Esse Cramer deve ser um gajo importante
Source: CNBC - 🏆 12. / 72 Read more »

General Electric replaces CEO with outsider, shares soarGeneral Electric Co ousted Chief Executive Officer John Flannery in a surprise m... TV 😂 TV TV John inherited the work of Jeff immelt it will be interesting to see how Larry transform this conglomerate around if it’s possible within less than 14 months. John was a good guy!
Source: Reuters - 🏆 2. / 97 Read more »