General Electric said Monday that its longtime chief executive, Jeffrey R. Immelt, would retire at the end of this year, closing out a 16-year run at the helm of the industrial giant, which included a vast overhaul of the conglomerate's portfolio but also an underperforming stock price that has trailed well below market indexes and competitors.
Democracy Dies in Darkness
GE’s CEO Jeffrey Immelt to step down after 16 years
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June 12, 2017 at 2:05 p.m. EDT