CEO of GE Ventures, Sue Siegel, has been named Chief Innovation Officer for GE. She will be responsible for developing and accelerating the company’s long-term innovation strategy and will report directly to GE Chairman and CEO John Flannery.

Ms. Siegel will continue to lead GE Ventures. She will also serve as a member of the company’s capital allocation and portfolio management governance, said GE in a statement.

Ms. Siegel has over 30 years of experience in the corporate and venture capital world. She trained as a biochemist and molecular biologist, earning her M.S. from Boston University.

[Image courtesy: GE Ventures]