- Category : Business-Top-executive
- Type : MGE
- Profile : 6/2 - Role Model / Hermit
- Definition : Single
- Incarnation Cross : LAX Industry 1
American business executive, Chairman and CEO of General Electric in September 2001.
He has 20 years experience with GE, most recently running its medical-systems business before taking over the reins from Jack Welch. GE is a sprawling $130 billion-dollar-a-year diversified conglomerate that sells everything from aircraft engines, power turbines and CT scanners to life insurance, sitcoms, light bulbs and dishwashers. Immelt is the ninth chairman in the 123-year history of the company, taking over at the time of a global economic slowdown.
The son of a GE employee, Immelt met his wife Andrea on the job when both were sales rep's in the early '80s. As an undergrad at Dartmouth, he was a classic overachiever, a double major in applied math and economics, president of his fraternity and offensive tackle for the football team.
He started work at Proctor & Gamble and after completing his MBA at Harvard, he began with GE in 1982. For the next 15 years, he learned every facet of the business in various sales and marketing positions. Low-key and understated, he was not above donning overalls and checking out a customer problem along with the technicians. At one time he responded to stress with eating. When he reached 280 pounds, he came to terms with that solution as being undesirable and after losing 60 pounds, kept it off.
At GE Medical, Immelt's skills came to maturity. He closed lucrative, long-term deals with hospital giants and brought a number of smaller companies on board to round out his product line, all the while growing GE's market share from 25% to 34%. At the same time, he raised the community profile of his company, leading an effort to clean up and repair local public schools. Enthusiastic and self-depreciating, he reads voraciously during his extensive travels and plays golf and watches sports while at home. He is married with one daughter, Sara. The family relaxes at a vacation home in South Carolina where he kicks back and watches lowbrow comedy flicks.