|
| John Flannery Named President and CEO Of GE India | | Will Lead New, Integrated ?One GE? Strategy in India |
| Announcement / Corporate Oct 29, 2009, 19:27 IST |
|
General Electric Company Chairman and CEO, Jeff Immelt, today announced the appointment of John Flannery as President and CEO of GE’s business operations in India.
Flannery, 47, will oversee GE’s new approach to India, which will consolidate all businesses into one team with an integrated strategy. This team will help GE grow in India through local partnerships, technology leadership and strategic investments. Flannery has been named a senior vice president of GE.
“We will create a ‘one GE’ approach in India that will bring the totality of GE’s offerings to customers, partners, governments and employees,” Immelt said. “It is time for GE to become a truly great local company in India and John is the right person to lead our team of 12,000 employees there. He has extensive experience in building partnerships, structuring deals and in developing strong leaders and teams.”
Traditionally, GE’s business leaders in countries like India report to their respective GE business. Under GE’s new model in India, all GE’s business leaders in the country will report directly to Flannery, who will report to GE Vice Chairman John Krenicki.
“We have talked many times about becoming a great local company in growing markets like India by being more connected across our businesses,” Immelt said. “India, with its growing energy, healthcare and transportation needs, is the right place for GE to build a single, focused GE team. Under John’s leadership, we will create fresh opportunities for partnerships and joint ventures with Indian businesses. With an integrated team, we can develop products and services designed specifically to meet local needs and, potentially, for export to other markets.
“We will treat GE India just as we would any other GE business, with its own growth strategy, leadership development and budgeting processes,” Immelt said.
Since 2005, Flannery has built a similar model for GE Capital across Asia. As president and CEO for the region, Flannery oversaw all of GE’s financial services businesses. Decision-making authority was localized under Flannery and it led to significant growth for the business in the region.
Flannery is a 22-year veteran of GE and previously held a series of sales leadership and finance roles in GE Capital. He earned a bachelor’s degree in finance from Fairfield University and a master’s degree in finance from the University of Pennsylvania.
“John will build on the great work of Tejpreet S. Chopra who helped position GE well in the India market,” Immelt said. “Before transitioning to his next role in the company, Tejpreet will work for John where he will continue to be instrumental in government relations and strategy development for GE in India.”
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
