General Electric Co. said longtime leader Jeff Immelt will step aside as chief executive on Aug. 1, ending a 16-year run atop the conglomerate that he reshaped after the financial crisis but has struggled recently to boost profit. GE said Monday that Mr. Immelt will be replaced by the head of the company’s health care business, John Flannery, and remain as chairman of the board until Dec. 31. Mr. Flannery, 55 years old, is a 30-year...

Source: Wall Street Journal June 12, 2017 10:45 UTC