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GE Leader Jeffrey Immelt Steps Down19:00
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General Electric CEO Jeff Immelt speaks during a groundbreaking ceremony at the site of GE's new headquarters as Massachusetts Gov. Charlie Baker, left, and Boston Mayor Marty Walsh look on in Boston on May 8. (Michael Dwyer/AP)
General Electric CEO Jeff Immelt speaks during a groundbreaking ceremony at the site of GE's new headquarters as Massachusetts Gov. Charlie Baker, left, and Boston Mayor Marty Walsh look on in Boston on May 8. (Michael Dwyer/AP)
This article is more than 4 years old.

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.

Guests

Asma Khalid, WBUR BostonomiX reporter. She tweets @asmamk and @bostonomix.

David Magee, the author of "Jeff Immelt and the New GE Way: Innovation, Transformation and Winning in the 21st Century."

This segment aired on June 12, 2017.

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