General Electric Fires John Flannery as CEO, takes $23 billion non-cash charge for Power business problems and withdraws guidance. Lawrence Culp takes Over as Chairman and CEO
General Electric abruptly removes John Flannery as chairman and CEO and installs former Danaher CEO Lawrence Culp as his successor. The board had grown frustrated with the slow pace of change under Flannery, sources familiar with the issue say. GE …