GE named H. Lawrence Culp, Jr. chairman and CEO succeeding John Flannery. The GE board also appointed Thomas W. Horton as lead director.
The Wall Street Journal reported GE continues to restructure the company, but it is still struggling to decide what to do with its lending unit, GE Capital.
The Wall Street Journal reported that the Securities and Exchange Commission is looking into GE Capital’s revenue recognition practices for “long-term service contracts.”
The Wall Street Journal reported that GE Capital CEO John Flannery said he is considering breaking company divisions off into separately traded units.
General Electric’s board of directors has determined to set the company’s quarterly dividend to a projected payout of $.12 per outstanding share, representing a 50% reduction from the current quarterly dividend.
The Wall Street Journal reported GE’s new CEO John Flannery has already begun cutting the corporate perks initiated by his predecessor, Jeff Immelt. corporate staff cuts are pending.
Rafael Santana, president and CEO of GE Latin America, was named president and CEO of GE Transportation, succeeding Jamie Miller, who will become chief financial officer of GE on November 1, 2017
President and CEO of GE Healthcare John Flannery was named Chairman and CEO of GE, replacing retiring Jeff Immelt. Flannery has experience leading elements of GE Capital and GE Equity.
GE Chairman and CEO Jeff Immelt announced the appointment of John Flannery as president and CEO of GE Healthcare succeeding John Dineen. Flannery most recently was SVP of business development for GE.
GE announced the appointment of John Flannery as SVP for corporate business development. Flannery will lead GE’s business development team, which is responsible for GE’s mergers, acquisitions and divestiture activities.