Jeffrey Immelt will step down as CEO of GE this August, after leading the company for 16 years. He will be replaced by John Flannery, the current president of GE Healthcare.
Immelt replaced the previous CEO, Jack Welch, days before the Sept. 11 terrorist attacks in 2001. Immelt led GE through the financial crisis, oversaw the sale of GE Capital, and invested in the digital transformation of the company.
He was also central to the GE headquarters move to Boston.
This segment aired on June 12, 2017.