GE rethinks 20-year CEO concept

|By:, SA News Editor

General Electric (GE) CEO Jeff Immelt might give up his CEO position earlier than anticipated, according to The Wall Street Journal.

Immelt is slated to complete his 20-year run at General Electric (GE) in 2021.

Directors at GE are reportedly rethinking the concept of a 20-year run for a CEO.

The talk is likely to lead to increased speculation on who the company will tap to replace Immelt. Lorenzo Simonelli, head of GE's oil and gas unit, and Steve Bolze, who directs the power and water business, are two of the leading contenders.