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

General Electric Company (GE) Closes 0.93% Down on the Day for October 25

Based out of Fairfield, CT, General Electric Company has 305,000 employees and is helmed by CEO Jeffrey R. Immelt. For a deeper dive into the fundamentals of General Electric Company, check out’s E.V.A. report for GE. The Dow Jones ...
Posted: October 25, 2016, 9:45 pm

General Electric Co. (GE) is Strs Ohio’s 6th Largest Position

General Electric currently has an average rating of “Hold” and an average target price of $32.64. In related news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were acquired ...
Posted: October 23, 2016, 3:01 pm

General Electric Co. (GE) Shares Sold by Gilman Hill Asset Management LLC

The company currently has a consensus rating of “Buy” and an average target price of $32.79. In other General Electric news, Chairman Jeffrey R. Immelt bought 50,000 shares of General Electric stock in a transaction dated Tuesday, July 26th.
Posted: October 16, 2016, 2:57 pm
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