General Electric is one of the most prestigious businesses in America. The professional who manages to become the leader of this organization will also enjoy an extremely influential seat within the American professional sphere. However, the new person who is to take the place of Jeffrey R. Immelt this August doesn’t really have a strong a background as this position requires. Therefore, after 16 years of service, the company found a viable replacement of Immelt in the person of John Flannery.
John Flannery Has Been Activating in Different Departments of General Electric for 30 Years
John Flannery is a 55-year-old president of the health care unit of GE. His professional path followed him for 30 years along this exact company. Despite this longevity, the media didn’t find him as a worthy replacement for Jeffrey R. Immelt. The reason behind the departure of the prestigious character is him passing the 15-year boundary without being able to change the underperformance of his company.
However, before activating in the health care department, Flannery gathered vast experience in other aspects of his company as well. He worked in within units such as a financial arm, mergers and acquisitions, and at one of the operating units.
This compendium of expertise will help him greatly to win over the support of shareholders. He will also have to trigger an evolution within GE to revive financial potential. Therefore, his presence at the helm of the company will not be easy steering a large portfolio of major conglomerates towards the right direction.
The New CEO Has an Extremely Pragmatic Sense for Business
John Flannery himself played his own advocate during a recent meeting with the company’s investors. He stated that his professional background taught him to look at things from an investors’ perspective, which helps him greatly to collaborate with them.
“So as an orientation and discipline that’s something I’m very steeped in.”
Therefore, Flannery will be the new face of General Electric as of August 2017. His colleagues described him as pragmatic. During a recent interview, he claimed that on his term the company would focus on cash, margin, and growth. That’s because it is the only thing that investors want to see.
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