Who was GE CEO in 2016?

Who was GE CEO in 2016?

Jeff Immelt
Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. He previously served as the CEO of General Electric from 2001 to 2017, and the CEO of GE’s Medical Systems division from 1997 to 2000….

Jeff Immelt
Children 1 daughter

When was Immelt CEO of GE?

“What every young leader can do is understand that you can hold two truths at the same time.” Jeff Immelt’s first day as CEO at General Electric was on Sept. 10, 2001. The next day, the terrorist attacks on the World Trade Center and the Pentagon shook the world, the financial markets, and GE’s business.

How much did Jeff Immelt make at GE?

Mr. Immelt didn’t receive any severance when he left GE in the middle of 2017, a year when his compensation totaled $8.1 million. He received $21.3 million in compensation in 2016, his last full year as chairman and CEO.

Who was CEO of GE after Jack Welch?

In 2001, Immelt, who had previously held executive positions at GE for 19 years, was picked to succeed Jack Welch, one of the most famous CEOs in U.S. history. Under Welch, GE’s market value soared from $14 billion to more than $410 billion. Immelt’s run wasn’t so fruitful. He took the helm on Sept.

How long was Jeff Immelt CEO of GE?

16 years
But along the way, he offered mitigating factors and cast some blame elsewhere. “I am wholly unhappy about the narrative that has been created around the GE team,” Immelt told Faber, looking back on his turbulent 16 years as chief executive of GE, which ended in 2017. “I don’t think it’s been complete.

Who replaced Jack Welch?

In 2001, Immelt succeeded then-CEO Jack Welch, who built the company from 1981 over two decades into a corporate behemoth. For a time, in 2000 under Welch, it was the world’s most valuable company with a market capitalization of more than $600 billion and a stock price over $55 per share.