John Flannery, president and CEO of GE Healthcare, will become CEO of General Electric on Aug. 1 and will assume the chairman position in 2018. He will replace GE’s current CEO and chairman, Jeff Immelt, who will step down after 16 years in the leadership roles.
“During this time of dynamic global markets and relentless focus on technology and operational excellence, there is no better person to lead GE than John Flannery,” Jack Brennan, lead independent director for GE’s board of directors, said in a statement. “He brings unique experience and a strong skill set to the job. John has spent almost half of his career living outside of the United States and has led complex financial and industrial businesses all over the world, including running GE Healthcare, GE in India and the business development team for GE through the successful acquisition of Alstom. John has had a direct influence on the company’s direction, its financial health and its position as the world’s premier digital industrial company.”
Immelt announced Kieran Murphy as the new president and CEO of GE Healthcare, effective immediately. Murphy had been the CEO of GE Healthcare Life Sciences since April 2011.
See more about the transition in leadership here: