GE, a global digital industrial company, with multiple locations throughout North and South America, announced recently that John Flannery, current president and chief executive officer (CEO) of GE Healthcare, has been named CEO of the company by the GE board of directors, effective August 1, 2017, and chairman and CEO, effective January 1, 2018.
Flannery will replace current chairman and CEO, Jeff Immelt, who will remain chairman of the board through his retirement from the company on December 31, 2017.
Jeff Bornstein, current chief financial officer (CFO), has also been promoted to vice chair of GE. These leadership announcements are the result of a succession plan that has been run by the GE board of directors since 2011.