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General Electric announces retirement of CEO Jeff Immelt

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RETIRING. In this file photo, Chairman and CEO of US industrial giant General Electric (GE) Jeffrey Immelt smiles as he takes part in a GE forum 'Ecomagination' on October 29, 2015 in Paris. Eric Piermont/AFP

NEW YORK, USA – General Electric on Monday, June 12, announced the departure of CEO Jeff Immelt.

Immelt, who has served in the role since 2001, will hand his chief executive position over to John Flannery on August 1, the company said in a news release. Flannery will also succeed Immelt as chairman when he retires on December 31, GE said.

More details soon. – Rappler.com


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