Alumnus John Flannery ’83 to Lead GE as CEO

Alumnus John Flannery ’83 to Lead GE as CEO

Fairfield University alumnus John Flannery ’83 has been named CEO of General Electric effective August 1, 2017 and chairman and CEO of the company effective January 1, 2018.

Flannery, a GE veteran of 30 years and current president and CEO of GE Healthcare, succeeds longstanding, 16-year chairman and CEO, Jeffrey Immelt, who will remain as chairman of the Board until he retires from GE in December 2017.

Flannery graduated from Fairfield in 1983 with a bachelor’s degree in finance. “My time at Fairfield University was excellent and left me with a lifelong sense of curiosity about the world and a passion for continuous learning and serving others,” he said. “I have had the good fortune to be able to carry the Fairfield story to many places around the world—but in my heart I have never been far from Loyola three!”
With a focus on corporate markets, accounting, capital markets, economics and marketing, Flannery earned an MBA from the Wharton School at the University of Pennsylvania and began his career at GE Capital in 1987 evaluating risk for leveraged buy-outs. He was a leader in GE’s corporate restructuring group before moving into global positions in Latin America, Asia, and India.

As president and CEO of GE Equity, Flannery led the business through a difficult cycle. Leading the Asia Pacific region for GE Capital beginning in 2005, he grew earnings in Japan by 100%, in Korea by 30%, and in Australia by 25%. According to a company issued statement, in his most recent role as president and CEO of GE Healthcare, Flannery has “positioned the $18 billion business for continued success with technology leadership in core imaging, created digital platforms and solutions, expanded Life Sciences through bioprocess solutions, and added key technology to its cell therapy systems business.”

In the next few months, Flannery said his “focus will be on listening to investors, customers, and employees to determine the next steps for GE.” ●F