Former Chairman and CEO
General Electric (2001-2017)
Jeff Immelt was the 9th Chairman of GE and served as CEO for 16 years, transforming GE into a simpler, stronger, and more focused digital industrial company. Immelt revamped the company’s strategy, global footprint, workforce and culture, positioning GE for the future. During his tenure, industrial earnings doubled and GE returned $143B in dividends, more than in the cumulative history of the company.
Immelt reshaped the company’s portfolio during the last decade, with bold moves such as the $260B sale of GE Capital assets, the acquisition of platforms in Life Sciences and Renewables, adding global energy leader Alstom, the combination of GE Oil & Gas with Baker Hughes, and the divestitures of legacy businesses like GE Appliances, NBC Universal and Plastics. He was the architect of the GE Store, leveraging GE’s unique scale to drive growth. Under his leadership, GE re-established market leadership with technological innovation, grew a strong share position in essential industries, and built a backlog of $320B.
Immelt led several innovative transformations during his tenure. Emerging market revenue quadrupled and 60% of the company’s revenue comes from outside the U.S. GE became the first Digital Industrial building a strong digital platform in GE, establishing leadership in the Industrial Internet. GE is well positioned to lead the next revolution in productivity through additive manufacturing. GE has been a leader in important growth themes, like clean energy, through its ecomagination initiative. GE remains one of the top 10 most valuable brands in the world, and has been viewed as the best company for developing leaders.
Immelt has been named one of the “World’s Best CEOs” three times by Barron’s, and GE has been named “America’s Most Admired Company” by Fortune magazine and one of “The World’s Most Respected Companies” in polls by Barron’s and Financial Times. He has received fifteen honorary degrees and numerous awards for business leadership.