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KM Financial Solutions | UPDATE 4-General Electric replaces CEO with outsider Culp, shares soar
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UPDATE 4-General Electric replaces CEO with outsider Culp, shares soar

30 Sep UPDATE 4-General Electric replaces CEO with outsider Culp, shares soar

Posted at 14:52h in News by
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General Electric Co ousted Chief
Executive Officer John Flannery in a surprise move on Monday,
replacing him with outsider and board member Larry Culp, and
said it would take a roughly $23-billion charge to write off
goodwill in its power division, primarily from a large 2015
acquisition.

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