1. Jeff Immelt is Stepping Down as GE's CEO

    Jeff Immelt is Stepping Down as GE's CEO

    (Reuters) - General Electric Co named John Flannery chief executive of the company as part of a succession plan.

    Flannery would be CEO of the company effective August 1 and chairman effective Jan. 1, GE said.

    Current CEO Jeff Immelt would remain chairman of the board through Dec. 31, according to the statement...

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