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GE's Immelt Steps Down as CEO; to Retire At Year's End

BOSTON—Replacing Immelt as CEO in August will be John Flannery, who is the current president and CEO of GE Healthcare. Flannery takes over as GE chairman on Jan.1, 2018.

By John Jordan | johnjordan | Updated on June 13, 2017

General Electric's Jeff Immelt will step down as CEO on Aug. 1 General Electric’s Jeff Immelt will step down as CEO on Aug. 1.

BOSTON—The man chiefly responsible for bringing General Electric’s corporate headquarters to the Seaport District in Boston—Jeffrey Immelt—is retiring from GE at the end of this year.

GE reported on Monday that Immelt will step down as CEO of General Electric effective August 1 and relinquish his post as chairman of the board upon his retirement from the company on Dec. 31, 2017. Replacing Immelt as CEO in August will be John Flannery, who is the current president and CEO of GE Healthcare. Flannery takes over as GE chairman on Jan.1, 2018.

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