John L. Flannery

John L. Flannery (born 1962) is an American business executive. He succeeded Jeff Immelt as the eleventh CEO and tenth Chairman of General Electric, serving as CEO from August 2017 until October 1, 2018, when he was fired "effective immediately".[2][3][4] Prior to ascending to the CEO role, Flannery held leadership roles inside GE for nearly 30 years, heading GE Healthcare, GE India and other business units throughout his career.

John L. Flannery
Born1962
Alexandria, Virginia
NationalityAmerican
Alma materFairfield University, B.A.
University of Pennsylvania MBA
OccupationBusiness executive
Years active1987–2018[1]
EmployerGeneral Electric (NYSE: GE)
Known forCEO and Chairman of the Board [General Electric]

Early life and education

John L. Flannery was born in 1962[5] in Alexandria, Virginia.[6] The son of a banking executive at FDIC Corporation,[6] he and his two older sisters lived in Alexandria until 1971, when they moved to West Hartford, Connecticut where his father became president of a small bank.[6] He graduated from Northwest Catholic High School[7] in 1979.[8] Flannery received a bachelor's degree in finance[9] from the Fairfield University Dolan School of Business[6] in 1983.[10] Flannery later went to business school at the University of Pennsylvania, where he received an MBA from the Wharton School of Business[6] in 1987.[10]

Career

Flannery began his career at GE in 1987. He spent over 20 years at GE Capital holding various leadership roles in the United States, Latin America, and Asia. He was named a company officer in 2005.[11]

In 2009, he was appointed president and CEO of GE India, and in 2013, head of Business Development for all of GE. Flannery helped oversee changes in the portfolio, including acquisitions and divestitures in financial services and industry.[12]

Before his appointment as CEO of General Electric, Flannery led the turnaround of GE Healthcare, focusing on core imaging, creating digital platforms and solutions, and expanding its Life Sciences and cell therapy systems businesses. He also launched Sustainable Healthcare Solutions, which develops technology for healthcare providers.[13]

Flannery was named CEO and Chairman of GE in August 2017.[3] On October 1, 2018, he was unanimously voted out by the Board of Directors, "effective immediately" and replaced by board member and former longtime Danaher Corp. CEO, H. Lawrence Culp, Jr.[14][15] Flannery was GE's eleventh CEO and the company's tenth chairman.[12]

Flannery was named the new Advisory Director of Charlesbank Capital Partners, LLC on July 15, 2019. He will work on evaluating new investment opportunities as well as growing equity value in the Charlesbank portfolio.[16]

Personal life

Based in Chicago as of June 2017, by August he was based instead in Boston.[17] Flannery is married, with three children and a dog named after Mookie Betts. He is an ardent Red Sox fan, and his hobbies include reading, golf, and music.[10]

References
  1. https://www.washingtonpost.com/news/business/wp/2018/10/01/general-electric-replaces-new-chief-executive-and-announces-massive-23-billion-charge-amid-struggles/
  2. Boston Herald, October 1, 2018
  3. Lohr, Steve (November 13, 2017). "G.E. Rolls Back the Breadth of Its Ambitions". The New York Times. New York City, New York, United States. Retrieved January 14, 2018.
  4. "Press Release - H. LAWRENCE CULP, JR. NAMED CHAIRMAN AND CEO OF GE". General Electric. October 1, 2018. Retrieved October 1, 2018.
  5. Gryta, Thomas; Lublin, Joann S.; Benoit, David (June 13, 2017). "Jeff Immelt to Step Down as CEO of GE; John Flannery Takes Role". Wall Street Journal. New York City, United States. Retrieved June 13, 2017.
  6. Linebaugh, Kate; Lublin, Joann S. (June 12, 2017). "Meet the Next CEO of General Electric: John Flannery". Wall Street Journal. New York City, United States. Retrieved June 13, 2017.
  7. "Northwest Catholic High School Talkes About Alum John Flannery". SFGate. Retrieved June 13, 2017.
  8. Rondinone, Nicholas (June 12, 2017). "GE's Immelt Stepping Down, Flannery To Take Over As CEO". Hartford Courant. Hartford, Connecticut. Retrieved June 13, 2017.
  9. "BloombergBusiness Executive Profile: John L. Flannery". bloomberg.com. BloombergBusiness. Retrieved June 13, 2017.
  10. Smyth, Sean; Ellement, John R. (2017-06-12). "Meet John Flannery, GE's new chief executive". The Boston Globe. Retrieved 2017-06-12.
  11. "John Flannery Ready To Reinvent GE". ChiefExecutive.net. 2018-07-16. Retrieved 2018-07-24.
  12. "John L. Flannery". www.ge.com. Retrieved 2018-07-24.
  13. "John L. Flannery". www.ge.com. Retrieved 2019-08-21.
  14. Chesto, Jon. "GE faces a major inflection point under new CEO John Flannery", Boston Globe Retrieved November 12, 2017. (Paywall.)
  15. "John Flannery ousted at GE after less than 2 years". Retrieved 2018-10-03.
  16. "John Flannery". Charlesbank. Retrieved 2020-04-17.
  17. Smyth, Sean (2017-06-12). "General Electric CEO Jeff Immelt is stepping down". The Boston Globe. Retrieved 2017-06-12.
Business positions
Preceded by
Jeff Immelt		 Chairman and Chief Executive Officer of General Electric
2017–2018		 Succeeded by
H. Lawrence Culp Jr.
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