General Electric Co.

Sector: Steam Gas And Hydraulic Turbines And Turbine Generator Set Units Region: CT, United States

Exchange/Ticker: Euronext Paris: GNE | SIX Swiss Exchange: GE | New York Stock Exchange: GEB | Euronext Brussels: GEBC | New York Stock Exchange: GE | London Stock Exchange: GEC | Mexican Stock Exchange: GE

Company Description

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The Power & Water segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Energy Management segment provides integrated electrical products and systems used to distribute, protect and control energy and equipment. It manufacture electrical distribution and control products, lighting and power panels, switchgear and circuit breakers that are used to distribute and manage power in a variety of residential, commercial, consumer and industrial applications. The Aviation segment produces, sells and services jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft. Its military engines are used in a wide variety of aircraft including fighters, bombers, tankers, helicopters and surveillance aircraft and as well as marine applications. The Healthcare segment provides healthcare technologies such as medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery and biopharmaceutical manufacturing technologies. This segment predicts and detects disease earlier; monitoring its progress and informing physicians, and helping physicians tailor treatment for patients. The Transportation segment provides technology solutions for customers in various industries, which include railroad, transit, mining, oil and gas, power generation and marine. It also provides portfolio of service offerings designed to improve fleet efficiency and reduce operating expenses, including repair services, locomotive enhancements, modernizations, and information-based services like remote monitoring and diagnostics. The Home & Business Solutions invests in the development of differentiated products such as energy efficient solutions for both consumers and businesses. Its products include major appliances and subsets of lighting products are primarily directed to consumer applications, while other lighting products and automation solutions are directed towards commercial and industrial applications. The GE Capital segment's services include commercial loans and leases, fleet management, financial programs, home loans, credit cards, personal loans and other financial services. It provides its services for all sizes of businesses worldwide. The company was founded by Thomas A. Edison in 1878 and is headquartered in Fairfield, CT.

Featured Media

GE Foundation Improving Access to Healthcare

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Executives

Jeffrey R. Immelt, CEO

Jeffrey R. Immelt is the ninth chairman of GE, a post he has held since September 7, 2001. Mr. Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE's Plastics, Appliance, and Healthcare businesses. In 1989 he became an officer of GE and joined the GE Capital Board in 1997. A couple years later, in 2000, Mr. Immelt was appointed president and chief executive officer. Mr. Immelt has been named one of the "World's Best CEOs" three times by Barron's, and since he began serving as chief executive officer, GE has been named "America's Most Admired Company" in a poll conducted by Fortune magazine and one of "The World's Most Respected Companies" in polls by Barron's and the Financial Times. Mr. Immelt is the chair of President Obama's Council on Jobs and Competitiveness. He is also a member of The Business Council. Mr. Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982. He and his wife have one daughter.

Charlene Begley, President & CEO, GE Home & Business Solutions Senior Vice Pr

Charlene Begley is president and CEO of GE Home & Business Solutions and senior vice president and CIO for GE. GE Home & Business Solutions is an $8.6B business that includes the business teams of Appliances & Lighting and Intelligent Platforms. These global businesses offer their customers energy efficiencies and productivity solutions through innovative appliances, lighting, embedded/control systems and software platforms. As CIO, Begley is responsible for GE's Information Technology organization. She is co-leader for GE's Software Council, which focuses on crafting better customer solutions and services, as well as world-class manufacturing operations. Begley also leads GE's Sourcing Council. Begley joined GE in 1988 and progressed through leadership roles including vice president, GE Corporate Audit Staff, and president and CEO for several GE businesses including GE FANUC Automation, Transportation, Plastics, and Enterprise Solutions. Begley is a member of GE's Corporate Executive Council and the boards of Morpho Detection, Inc. and the National Association of Manufacturers. Begley graduated from the University of Vermont. She and her husband have three daughters.

Keith S. Sherin, Vice Chairman and Chief Financial Officer

Keith S. Sherin has been senior vice president and GE's chief financial officer since 1998. He was named vice chairman in 2001. Mr. Sherin first joined GE in 1981 through the GE Financial Management Program in Medium Steam Turbine. After three years he joined the Corporate Audit Staff where he progressed to executive audit manager and later manager of Programs and Planning. Mr. Sherin was promoted to manager of Finance for Commercial Engine Operations at GE Aircraft Engines in early 1992, and the following year he was named director of finance for GE Plastics Europe in Bergen op Zoom, the Netherlands. In the fall of 1995, Mr. Sherin joined GE Medical Systems as manager of Global Finance and Financial Services, and less than a year later he was promoted to vice president of Finance and Financial Services Operation. Mr. Sherin earned his B.A. from the University of Notre Dame and an M.B.A. from Columbia University.

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