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John L. Flannery (born 1962) is an American business executive. He succeeded Jeffrey Immelt as the eleventh CEO and tenth Chairman of General Electric, serving as CEO from August 2017 until October 2018.[2][3] Prior to ascending to the CEO role, Flannery held leadership roles inside GE for nearly 30 years, heading GE Healthcare, GE India and other business units throughout his career.

John L. Flannery
John Flannery (GE).jpg
Born1962
NationalityAmerican
Alma materFairfield University, B.A.
Wharton School MBA
OccupationBusiness executive
Years active1987–2018[1]
EmployerGeneral Electric (NYSEGE)
Known forCEO and Chairman of the Board [General Electric]
Home townWest Hartford, Connecticut

Contents

Early life and educationEdit

John L. Flannery was born in 1962[4] in Alexandria, Virginia.[5] The son of a banking executive at FDIC Corporation,[5] he and his two older sisters lived in Alexandria until 1971, when they moved to West Hartford, Connecticut where his father became president of a small bank.[5] He graduated from Northwest Catholic High School[6] in 1979.[7] Flannery received a bachelor's degree in finance[8] from the Fairfield University Dolan School of Business[5] in 1983.[9] Flannery later went to business school at the University of Pennsylvania, where he received an MBA from the Wharton School of Business[5] in 1987.[9]

CareerEdit

Flannery began his career at GE in 1987. He spent over 20 years at GE Capital holding various leadership roles in the United States, Latin America, and Asia. He was named a company officer in 2005.[10]

In 2009, he was appointed president and CEO of GE India, and in 2013, head of Business Development for all of GE. Flannery helped oversee changes in the portfolio, including acquisitions and divestitures in financial services and industry.[11]

Before his appointment as CEO of General Electric, Flannery led the turnaround of GE Healthcare, focusing on core imaging, creating digital platforms and solutions, and expanding its Life Sciences and cell therapy systems businesses. He also launched Sustainable Healthcare Solutions, which develops technology for healthcare providers.[citation needed]

Flannery was named CEO and Chairman of GE in August 2017.[2] On October 1, 2018, he was unanimously voted out by the Board of Directors and replaced by H. Lawrence Culp, Jr.[12][13] Flannery was GE’s eleventh CEO and the company’s tenth chairman.[11]

Personal lifeEdit

Based in Chicago as of June 2017, by August he was based instead in Boston.[14] Flannery is married, with three children and a dog named after Mookie Betts. He is an ardent Red Sox fan, and his hobbies include reading, golf, and music.[9] He is a fan of the Allman Brothers, and a fan of authors such as Atul Gawande and J. D. Vance.[5]

ReferencesEdit

  1. ^ https://www.washingtonpost.com/news/business/wp/2018/10/01/general-electric-replaces-new-chief-executive-and-announces-massive-23-billion-charge-amid-struggles/
  2. ^ a b Lohr, Steve (November 13, 2017). "G.E. Rolls Back the Breadth of Its Ambitions". The New York Times. New York City, New York, United States. Retrieved January 14, 2018.
  3. ^ "Press Release - H. LAWRENCE CULP, JR. NAMED CHAIRMAN AND CEO OF GE". General Electric. October 1, 2018. Retrieved October 1, 2018.
  4. ^ Gryta, Thomas; Lublin, Joann S.; Benoit, David (June 13, 2017). "Jeff Immelt to Step Down as CEO of GE; John Flannery Takes Role". Wall Street Journal. New York City, United States. Retrieved June 13, 2017.
  5. ^ a b c d e f Linebaugh, Kate; Lublin, Joann S. (June 12, 2017). "Meet the Next CEO of General Electric: John Flannery". Wall Street Journal. New York City, United States. Retrieved June 13, 2017.
  6. ^ "Northwest Catholic High School Talkes About Alum John Flannery". SFGate. Retrieved June 13, 2017.
  7. ^ Rondinone, Nicholas (June 12, 2017). "GE's Immelt Stepping Down, Flannery To Take Over As CEO". Hartford Courant. Hartford, Connecticut. Retrieved June 13, 2017.
  8. ^ "BloombergBusiness Executive Profile: John L. Flannery". bloomberg.com. BloombergBusiness. Retrieved June 13, 2017.
  9. ^ a b c Smyth, Sean; Ellement, John R. (2017-06-12). "Meet John Flannery, GE's new chief executive". The Boston Globe. Retrieved 2017-06-12.
  10. ^ "John Flannery Ready To Reinvent GE". ChiefExecutive.net. 2018-07-16. Retrieved 2018-07-24.
  11. ^ a b "John L. Flannery". www.ge.com. Retrieved 2018-07-24.
  12. ^ Chesto, Jon. "GE faces a major inflection point under new CEO John Flannery", Boston Globe (November 12, 2017).
  13. ^ "John Flannery ousted at GE after less than 2 years". Retrieved 2018-10-03.
  14. ^ Smyth, Sean (2017-06-12). "General Electric CEO Jeff Immelt is stepping down". The Boston Globe. Retrieved 2017-06-12.

External linksEdit

Business positions
Preceded by
Jeff Immelt
Chairman and Chief Executive Officer of General Electric
2017–2018
Succeeded by
H. Lawrence Culp Jr.