Flannery wins top GE job after nursing growth at healthcare unit
By Ben Hirschler
June 12 (Reuters) - When John Flannery was chosen to head GE Healthcare in 2014, his background as chief dealmaker for the industrial conglomerate led to speculation GE might consider spinning off its somewhat sickly health business.
In fact, he has nursed it back to improving sales and profits by focusing primarily on organic growth opportunities, and the business remains core to GE.
Flannery will take over General Electric Co from Jeff Immelt, who is stepping aside after 16 years as head of the conglomerate he helped steer through the financial crisis but which is now worth a third less than when he took over.
On Flannery's watch, the healthcare unit - best-known for imaging and diagnostics - has also expanded into life sciences, offering a range of services to pharmace
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Flannery wins top GE job after nursing growth at healthcare unit
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June 16, 2017
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