John L Flannery will replace Jeff Immelt as the chairman and chief executive of General Electric (GE), as the conglomerate ends the 16-year reign of the high-profile CEO and elevates the insider who quietly turned around GE’s Indian operations and the global healthcare business.
Flannery, 55, who started his career with GE Capital 30 years ago, was the head of the conglomerate’s Indian operations from 2009 to 2013. In his tenure, GE empowered Flannery and restructured the Indian management by making all local business heads report into him instead of the global business heads. Read more
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