1. Breaking News: General Electric CEO John Flannery is Out

    Business Insider BoardNews
    Breaking News: General Electric CEO John Flannery is Out

    General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

    GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

    GE shares are up more than 10% on the news...

     

    Read Full Article

    Login to comment.

    Related Articles

  1. Search:

  2. Categories

    1. BoardProspects Features:

      Board Recruitment Publication, BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content

  3. Quotes

    1. GE expects to take a non-cash goodwill impairment charge related to the GE Power business.

  4. Topics Mentioned

  5. Authors