Jeff Immelt stepping down as CEO of GE


general electric jeff immelt
General Electric CEO Jeff Immelt pauses as he speaks during a panel discussion during the Dreamforce 2012 conference at the Moscone Center on September 20, 2012 in San Francisco, California.

Jeff Immelt, who has led General Electric (GE) since 2001, is stepping down, the company announced Monday.

The company named John Flannery, the president and CEO of GE Healthcare, as the new CEO, effective immediately.

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