GE's New CEO Overhauls Top Ranks
- Locomotives boss Miller appointed as CFO, effective Nov. 1
- Vice chairs Rice, Comstock to retire from company at year-end
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General Electric Co.’s new boss is giving the company a management makeover as he seeks to reverse its deep stock plunge -- the biggest of the year on the Dow Jones Industrial Average.
Chief Financial Officer Jeffrey Bornstein is leaving, adding to an exodus of top executives that began shortly after Chief Executive Officer John Flannery won the top job more than three months ago. Two other longtime company veterans and GE vice chairs, Beth Comstock and John Rice, are retiring from GE.