TechTaffy

tech:

taffy

John Flannery named GE CEO

By TechTaffy Desk

Current president and CEO of GE Healthcare, John Flannery, has been named the new CEO and chairman of GE. The current chairman and CEO of the company, Jeff Immelt, will remain chairman of the board through his retirement from the company on December 31, 2017.

Mr. Flannery, 55, began his career at GE Capital in 1987 where he focused on evaluating risk for leveraged buy-outs. In 1997, he moved to Argentina where he led GE’s Equity business in Latin America and the overall GE Capital business for Argentina and Chile. In 2002, Mr. Flannery became the president and CEO of GE Equity. In 2005, he moved to Asia, where he was responsible for the Asia Pacific region for GE Capital. In 2009, he moved to India as the country head for GE. In 2013, Mr. Flannery was tapped to lead business development at GE.

[Image courtesy: GE]

Just in

Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities. 
Industry

Silicon Labs appoints Radhika Chennakeshavula as CIO

Silicon Labs has appointed Radhika Chennakeshavula as chief information officer.