GE’s new CEO to review portfolio ‘with no constraint’

GE’s new CEO to review portfolio ‘with no constraint’

General Electric Co’s incoming chief executive said on Monday he will conduct a swift review of the business portfolio, and signalled its strategy of selling software-related services across its many divisions will remain the heart of GE for decades.

The maker of jet engines, power plants, medical scanners and railroad locomotives on Monday named veteran insider John Flannery as its next chief executive. He takes over from Jeff Immelt who will step aside Aug. 1 after 16 years as the head of the conglomerate he helped steer through the financial crisis but is now worth a third less than when he took over. Read more

Credits:energy.economictimes.indiatimes.com

Leave a Reply

Your email address will not be published.