Brooke Sutherland, Columnist

So Much for the John Flannery Era at GE

The clock was ticking on the struggling giant’s turnaround, and the CEO ran out of time.

October 1, 2018 at 12:07 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

GE Names Culp to Replace Flannery as CEO

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Time’s up.

General Electric Co. announced on Monday that CEO and chairman John Flannery was out and would be replaced by former Danaher Corp. CEO Larry Culp, who was added to the board earlier this year. This is a bombshell even by the standards of GE, which has been rocked by one piece of bad news after another over the past few years as missteps including its mismanagement of a sharp downturn in its power business turned its reputation on its head.