John Flannery succeeds Jeff Immelt as Chairman of GE, and more

By Paul Dvorak Welcome aboard, Mr. Flannery.
GE has announced that effective October 2, 2017, Jeffrey R. Immelt retired as a director and Chairman of General Electric Company’s Board of Directors (the “GE Board”) in light of Mr. Immelt’s determination that the CEO transition has proceeded smoothly and that John L. Flannery, Chief Executive Officer, director, and Chair-Elect, was ready to succeed Mr. Immelt as Chairman of the Board. The Board concurred and elected Mr. Flannery as Chairman of the Board effective October 2, 2017.
Also effective October 2, 2017, Mr. Immelt retired as a director and Chairman of the Board of Directors of Baker

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