General Electric Co. will overhaul its board, removing several of the struggling conglomerate’s longest-serving members and nominating three outsiders, including an accounting expert and former top executives from American Airlines and industrial conglomerate Danaher Corp. The board changes come as GE attempts to restructure under new Chief Executive and Chairman John Flannery, who has slashed the company’s dividend and financial projections in recent months while pledging to shed at least $20 billion in assets.

Source: Wall Street Journal February 26, 2018 12:25 UTC