General Electric says CEO Jeff Immelt is stepping down

John Flannery, president and CEO of the conglomerate’s healthcare unit, will take over the post, moves that the company says are part of a succession planGeneral Electric said Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s healthcare unit, will take over the post in August.The 61-year-old Immelt will stay on as chairman until his retirement from the position at the end of the year, with the 55-year-old Flannery stepping into the role af