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Jeffrey Immelt steps down as GE CEO
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GE CEO Jeff Immelt is retiring, ending a 16-year run as the leader of the industrial conglomerate. He will be replaced by John Flannery in August, who is currently serving as President and CEO of GE Healthcare. The possible move was first reported by our very own Charlie Gasparino who broke the news on the tensions between Immelt and activist investor Nelson Peltz in March. http://fxn.ws/2rmCwqs | Fox Business
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