Mr. Immelt will be replaced by John Flannery, the president and chief executive of GE Healthcare in a shift that comes as the conglomerate struggles to boost profitability. “He brings unique experience and a strong skill set to the job.”Mr. Flannery, 55, will become chief executive of G.E. Mr. Immelt, 61, will remain as chairman until he retires on Dec. 31. Mr. Immelt also steered G.E. Mr. Immelt had said he wanted G.E.

Source: New York Times June 12, 2017 11:29 UTC