Business


General Electric unveiled a slew of executive management changes on Friday.

The company announced that Jamie Miller, CEO of GE Transportation, will become chief financial officer on Nov. 1.

Miller worked at Anthem and PricewaterhouseCoopers, before joining GE as vice president, controller and chief accounting officer. She also served as GE’s chief information officer before becoming the president and CEO of GE Transportation.

Current CFO and vice chair Jeffrey Bornstein will depart the company on Dec. 31. A 28-year veteran of the company, Bornstein said he decided this was the “right time to bring in a new CFO with a fresh perspective to guide GE’s ongoing efforts to reduce costs, drive growth, improve our performance, and enhance shareholder value.”

GE vice chairs Beth Comstock and John Rice will also be retiring at year end.

The announcements come soon after GE’s board elected CEO John Flannery to succeed Jeffrey Immelt as chairman of the company.

GE announced Immelt’s retirement on Monday, which came about two months earlier than expected. A company spokeswoman said that Immelt felt Flannery was prepared to take over the role of chairman. She also said that leaving the company would allow Immelt to explor other opportuniities.



Source: https://www.cnbc.com/2017/10/06/general-electric-announces-slew-of-executive-changes.html

Products You May Like

Articles You May Like

To hang on to boomers’ assets, advisors must court their kids
Good deeds give companies roughly 33 percent higher returns
TD Ameritrade says take profits, buy tech shares in 2018
Oppenheimer gives most bullish outlook for 2018 yet, sees 14 percent rally
Buy these stocks to ride the bitcoin fever

Leave a Reply

Your email address will not be published. Required fields are marked *