Jeffrey R Immelt Net Worth is101.2 $Million
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Office: Chairperson of the President's Economic Recovery Advisory Board

President: Barack Obama

Term Start: February 23, 2011

Predecessor: Paul Volcker (President's Economic Recovery Advisory Board)

Office 2: Chairman and Chief executive officer of General Electric

Term Start 2: September 7, 2001

Predecessor 2: Jack Welch

Birth Date: 1956/2/19

Birth Place: Cincinnati, Ohio, United States

Party: Republican

Spouse: Andrea Immelt

Children: 1 (Sarah)

Alma Mater: Dartmouth College, Harvard Business School

Jeffrey Robert "Jeff" Immelt (born February 19, 1956) is an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected by GE's Board of Directors in 2000 to replace Jack Welch following his retirement. Previously, Immelt had headed up GE's Medical Systems division (now known as GE Healthcare) as its President and CEO.
Immelt was born in Cincinnati, Ohio, the son of Donna Rosemary (nA(C)e Wallace), a school teacher, and Joseph Francis Immelt, who managed the General Electric Aircraft Engines Division. Immelt attended Finneytown High School; he played football in college and was an offensive tackle. He holds an B.A. in Applied Mathematics from Dartmouth College where he currently serves on the board of trustees and was president of his fraternity, Phi Delta Alpha. Immelt also received an M.B.A. from Harvard Business School. He has been with GE since 1982 and is on the board of two non-profit organizations, one of which is the Robin Hood Foundation, a charitable organization which attempts to alleviate problems caused by poverty in New York City. He served as Chairman of The Business Council in 2005 and 2006.
His tenure as chairman and CEO started off on a low note - he took over the role on September 7, 2001, just four days before the terrorist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a direct effect on the company's Aircraft Engines sector. Immelt has a total five year compensation of $53.82 million, an income which ranked sixth among executives employed by US-based conglomerates. Immelt was named to Time magazine's 100 most influential people in the world in 2009. Since taking over, GE's stock has dropped nearly 60%. General Electric has closed more than 31 plants since 2008 and let go of more than 19,000 employees, but Immelt still took home $15.2 million in 2011. Recently, I

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Jeffrey R Immelt Latest News

CIO Head Resigns From Manufacturing Council: Trump 'Tolerates Bigotry and Domestic Terrorism'

"With more than 100,000 employees in the United States, it is important for GE to participate in the discussion on how to drive growth and productivity in the U.S.", GE chairman Jeffrey R. Immelt said in a statement. Krzanich isn't the first CEO to depart ...
Posted: August 18, 2017, 11:19 pm

Execs quit Trump's manufacturing council; he calls them 'grandstanders'

"With more than 100,000 employees in the United States, it is important for GE to participate in the discussion on how to drive growth and productivity in the U.S.," GE chairman Jeffrey R. Immelt said in a statement. Those who decided to depart gave ...
Posted: August 15, 2017, 8:48 am

Uber's CEO Short List Is Now Down To Three White Guys

The Washington Post reports, via sources within the company, that the short list for the next CEO of the company is down to three white guys, one of whom is outgoing GE chairman Jeffrey R. Immelt. The names of the other two candidates remain a mystery.
Posted: August 5, 2017, 10:43 am

Uber's hunt for a female CEO 'has been narrowed down to a list of three MEN in the wake of the company's sexual harassment allegations'

Currently the Uber CEO shortlist runs to three names, all white men, people familiar with the job hunt said. GE chairman Jeffrey R Immelt, who is already due to leave the company, is among those names, they added. Notably absent are a string of female ...
Posted: August 7, 2017, 7:59 am

Here's How Businesses Can Be Resilient To Climate Change Disruption

When President Trump announced that the U.S. would withdraw from the Paris Climate Agreement, Elon Musk of Tesla, Jeffrey R. Immelt of General Electric and Lloyd C. Blankfein of Goldman Sachs all publicly voiced their dissent. The unfortunate truth ...
Posted: August 9, 2017, 7:10 am
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