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Wednesday, 08/30/2017 10:46:00 PM

Wednesday, August 30, 2017 10:46:00 PM

Post# of 6624
GE, from Immelt to Flannery, the shift.

Immelt's training was in applied mathematics and economics, then he obtained an MBA. Flannery's was in finance before he obtained an MBA. I believe Immelt's background gave him a greater appreciation for what's involved in technological development than one who's background is in finance.

This is the first sign of the change in direction that GE will take under Flannery that I've seen, what's in the article below. There's a clear emphasis on near term profit for GE digital. There have been problems with the operating system, Predix, that GE has been developing. In response, GE Digital Chief Executive Officer Bill Ruh said, “Our resources will go to our fastest-selling markets.”

From the article-

GE estimates the industrial internet market will be worth $225 billion a year by 2020, and Flannery, who became CEO on Aug. 1, appears committed to Immelt’s vision of being a major player, according to two people familiar with his thinking.

But the 55-year-old leader, known for finance skills and making tough decisions, is likely to press GE Digital to reduce costs and lift profits next year. He also may restructure how GE Digital operates, bring in more partners and possibly sell a minority stake in the unit, they told Reuters.


This is not directly related to how GE will handle its additive manufacturing but the decisions being made now in other divisions should provide some guidance as to the decisions that will be made about GE's additive division.

GE shifts strategy, financial targets for digital business after missteps

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