• GE ousts Flannery after slump, names Lawrence Culp CEO

    2 monthes ago - By Philly

    General Electric, a once-vaunted industrial and financial conglomerate, has lost half a trillion dollars in market value since its peak in 2000.
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  • General Electric just abruptly ousted CEO John Flannery

    2 monthes ago - By Fast Company

    The struggling company is looking for a change at the top.
    General Electric has dumped its CEO in a bid to get out of a slump.
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  • GE, seeking path through its 3rd century, ousts CEO

    2 monthes ago - By Chron

    BOSTON - After just over a year and declines on several fronts at General Electric, John Flannery has been ousted as the leader of the century-old company.
    Flannery took over for longtime CEO and Chairman Jeff Immelt in August 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of itself.
    However, as Flannery has restructured the multinational conglomerate, its value has dipped below $100 billion and shares are down more than 35 percent this year, following a 45 percent decline in 2017.
    It has not gotten any better.
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  • General Electric replaces CEO and shares soar

    2 monthes ago - By Reuters

    General Electric Co replaced Chief Executive Officer John Flannery on Monday and said it would take a roughly $23 billion charge to write off goodwill in its power division, primarily from a large acquisition it made in 2015.
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  • So Much for the John Flannery Era at GE

    2 monthes ago - By Washington Post

    The clock was ticking on the struggling giant's turnaround, and the CEO ran out of time.
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  • General Electric replaces new chief executive and announces massive $23 billion charge amid struggles

    2 monthes ago - By Washington Post

    H. Lawrence Culp, former chief executive of Danaher Corp., will replace John Flannery.
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  • GE Abruptly Ousts CEO John Flannery, Replacing Him With Former Danaher CEO Lawrence Culp

    2 monthes ago - By Fortune

    GE's board has announced a major shakeup at the top of the company's corporate ladder.
    The conglomerate on Monday announced that it has removed former CEO and chairman John Flannery , replacing him with Lawrence Culp, effective immediately. GE also appointed Thomas Horton, who already serves on its board, as the company's lead director.
    In a statement, Culp called his new position a “privilege” and said that he plans to “move with urgency” to address the company's woes. Culp specifically cited improving GE's balance sheet and reduce its debt load, but acknowledged that he and his team...
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  • General Electric surges after replacing Flannery as CEO

    General Electric surges after replacing Flannery as CEO

    2 monthes ago - By Business Insider

    General Electric shares surged Monday after the company announced a surprise CEO change and $23 billion power-business write off .
    Lawrence Culp Jr. will take over the reins from John Flannery, who has held the position since August 2017.
    Follow General Electric's stock price in real-time here.
    General Electric surged as much as 15% in early trading Monday after the company announced CEO John Flannery would be replaced by current board member and former CEO of Danaher, Lawrence Culp, Jr. , after 14 months on the job.
    GE also announced a $23 billion goodwill charge on its power business...
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  • General Electric surges after replacing Flannery as CEO

    General Electric surges after replacing Flannery as CEO

    2 monthes ago - By Business Insider

    General Electric shares surged Monday after the company announced a surprise CEO change and $23 billion power-business write off .
    Lawrence Culp Jr. will take over the reins from John Flannery, who has held the position since August 2017.
    Follow General Electric's stock price in real-time here.
    General Electric surged as much as 15% in early trading Monday after the company announced CEO John Flannery would be replaced by current board member and former CEO of Danaher, Lawrence Culp, Jr. , after 14 months on the job.
    GE also announced a $23 billion goodwill charge on its power business...
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  • General Electric surges after replacing Flannery as CEO

    General Electric surges after replacing Flannery as CEO

    2 monthes ago - By Business Insider

    General Electric shares surged Monday after the company announced a surprise CEO change and $23 billion power-business write off .
    Lawrence Culp Jr. will take over the reins from John Flannery, who has held the position since August 2017.
    Follow General Electric's stock price in real-time here.
    General Electric surged as much as 15% in early trading Monday after the company announced CEO John Flannery would be replaced by current board member and former CEO of Danaher, Lawrence Culp, Jr. , after 14 months on the job.
    GE also announced a $23 billion goodwill charge on its power business...
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  • GE shares soar as much as 16% after fallen blue chip dumps Flannery as CEO

    2 monthes ago - By CNBC

    General Electric abruptly removed John Flannery as chairman and CEO and named former Danaher CEO Lawrence Culp as successor. GE also will take a $23 billion noncash charge for its struggling power business.
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  • G.E. Replaces C.E.O. Who Was Brought In to Turn Around Company

    2 monthes ago - By NY Times

    General Electric, in announcing the replacement of John Flannery, said it was facing “weaker performance” in its power generator business.
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  • General Electric removes John Flannery as CEO, says it will take a $23 billion charge to its power business

    General Electric removes John Flannery as CEO, says it will take a $23 billion charge to its power business

    2 monthes ago - By Business Insider

    General Electric head John Flannery is out.
    He will be replaced by H. Lawrence Culp, Jr.
    GE also said it would take a $23 billion charge for its power business and that it will miss its full-year earnings guidance.
    GE shares are up more than 15% on the news.
    Watch General Electric trade in real time here .
    General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by H. Lawrence Culp, Jr., who served as CEO and president of Danaher Corporation from 2000 to 2014. Culp has been a GE board member since April. GE...
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  • GE's Flannery steps down as CEO, shares jump 15 percent

    2 monthes ago - By Reuters

    General Electric Co Chief Executive Officer John Flannery abruptly stepped down on Monday just over a year after taking the role, and the company announced a $23 billion charge related to its struggling power business.
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  • Flannery ousted at GE after less than 2 years

    2 monthes ago - By Chron

    BOSTON - After less than two years and a precipitous decline in the share price at General Electric, John Flannery is being ousted as chairman and CEO.
    Flannery took over for longtime CEO Jeff Immelt in June 2017 with the company trying to re-establish its industrial roots, albeit a high-tech version of itself.
    However, as Flannery has restructured the multinational conglomerate, its value has dipped below $100 billion and shares are down more than 35 percent this year.
    GE warned Monday that it will miss its profit forecasts this year and it's taking a $23 billion charge.
    The company said...
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  • GE CEO John Flannery steps down

    2 monthes ago - By Reuters

    General Electric Co Chief Executive Officer John Flannery stepped down on Monday after a year in charge as the company announced a $23 billion charge related to its power business.
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  • John Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over

    2 monthes ago - By Chron

    NEW YORK - John Flannery out as chairman and CEO at General Electric after less than two years, Lawrence Culp Jr. takes over.
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  • General Electric CEO John Flannery is out

    General Electric CEO John Flannery is out

    2 monthes ago - By Business Insider

    General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by H. Lawrence Culp, Jr.
    GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.
    GE shares are up more than 10% on the news.
    This story is developing...
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  • General Electric CEO John Flannery is out

    General Electric CEO John Flannery is out

    2 monthes ago - By Business Insider

    General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by H. Lawrence Culp, Jr.
    This story is developing...
    Read more ...