John Flannery, president and CEO of the GE's health care unit, will take over as CEO in August, the company said Monday. During his tenure Immelt also disposed of GE's appliance unit and the NBC television business. While GE credits Immelt with improving its financial performance and its focus, GE's stock price has trailed the market with him as CEO. An investor who bought $1,000 in GE stock when Immelt took over would have $1,243 today, including dividends. GE's stock rose 4.1 percent to $29.10 in afternoon trading Monday.

Source: ABC News June 12, 2017 11:26 UTC