Jeffrey R Immelt Net Worth is101.2 $Million
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Office: Chairperson of the President's Economic Recovery Advisory Board
President: Barack Obama
Term Start: February 23, 2011
Predecessor: Paul Volcker (President's Economic Recovery Advisory Board)
Office 2: Chairman and Chief executive officer of General Electric
Term Start 2: September 7, 2001
Predecessor 2: Jack Welch
Birth Date: 1956/2/19
Birth Place: Cincinnati, Ohio, United States
Party: Republican
Spouse: Andrea Immelt
Children: 1 (Sarah)
Alma Mater: Dartmouth College, Harvard Business School
Jeffrey Robert "Jeff" Immelt (born February 19, 1956) is an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected by GE's Board of Directors in 2000 to replace Jack Welch following his retirement. Previously, Immelt had headed up GE's Medical Systems division (now known as GE Healthcare) as its President and CEO.
Immelt was born in Cincinnati, Ohio, the son of Donna Rosemary (nA(C)e Wallace), a school teacher, and Joseph Francis Immelt, who managed the General Electric Aircraft Engines Division. Immelt attended Finneytown High School; he played football in college and was an offensive tackle. He holds an B.A. in Applied Mathematics from Dartmouth College where he currently serves on the board of trustees and was president of his fraternity, Phi Delta Alpha. Immelt also received an M.B.A. from Harvard Business School. He has been with GE since 1982 and is on the board of two non-profit organizations, one of which is the Robin Hood Foundation, a charitable organization which attempts to alleviate problems caused by poverty in New York City. He served as Chairman of The Business Council in 2005 and 2006.
His tenure as chairman and CEO started off on a low note - he took over the role on September 7, 2001, just four days before the terrorist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a direct effect on the company's Aircraft Engines sector. Immelt has a total five year compensation of $53.82 million, an income which ranked sixth among executives employed by US-based conglomerates. Immelt was named to Time magazine's 100 most influential people in the world in 2009. Since taking over, GE's stock has dropped nearly 60%. General Electric has closed more than 31 plants since 2008 and let go of more than 19,000 employees, but Immelt still took home $15.2 million in 2011. Recently, I

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Jeffrey R Immelt Latest News

Uber appoints Expedia’s Dara Khosrowshahi as CEO

Uber has chosen Dara Khosrowshahi, who leads the online travel company ... a field of three finalists over a weekend of Uber board meetings. One finalist, Jeffrey R Immelt, the former chief executive ...
Posted: August 27, 2017, 10:46 pm

Uber Settles On Expedia Chief Dara Khosrowshahi As New CEO; Ends Long-drawn Search Since Travis Kalanick Quit

Dara Khosrowshahi emerged as the leading candidate from a final list of three candidates which included Jeffrey R. Immelt, the former chief of General Electric and Meg Whitman, the chief of Hewlett ...
Posted: August 27, 2017, 11:55 pm

Jeff Immelt steps down as GE chairman months ahead of plan

However, Mr Flannery succeeded him as chairman on October 2, nearly 3 months sooner than planned. On Monday, the company said in a statement: Jeffrey R. Immelt retired as a director and Chairman of ...
Posted: October 2, 2017, 2:42 pm
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