Jeffrey Immelt Success story

Full Name : Jeffrey Robert Immelt
Born : 19th- Feb - 1956
Birth Place : Cincinnati
Ohio
Country : USA
Education : Harvard University Massachusetts,
Dartmouth College New Hampshire,
Harvard Business School Massachusetts
Occupation : Entrepreneur
Executive
Industry : Business
Networth : $ 60 Million

Profile

Jeffrey Immelt is a Harvard Graduate and the present CEO of the conglomerate General Electric. A football player at heart, Jeffery is well known for his leadership qualities. He has successfully pulled the company out of three major crises, after taking over as the head. 

jeffrey immelt with barack obama

Jeffrey Immelt With Barack Obama

He has also held the position of CEO and President of GE’s Medical Systems Division. 

Early life

jeffrey immelt as a football player

Immelt was born in Cincinnati, Ohio. His father, Donna Rosemary was the manager at General Electric Aircraft Engines Division. His mother, Donna Rosemary, was a school teacher. Immelt attented Finney Town High School and graduated from Dartmouth College in 1978. After graduation, he worked for Procter and Gamble. He then got into Harvard Business School and graduated with an MBA degree in 1982.

Career

jeffrey immelt as ge officer

Jeffrey Immelt CEO of General Electric

Immelt began working for General Electric in 1982 and became the GE officer in 1989. In 1997 he joined the GE Capital Board and became the Chairman and CEO of GE in September 2001. The company faced daunting challenges after he took over as CEO. The 9/11 terrorist attack killed two of GE’s employees. Also GE's insurance business of $600 million was adversely hit.

The terrorist attack also affected the Aircraft Engines division of the Company. Immelt defended the Company’s business model and its financial reports during the Enron crisis. In 2008-09, under his leadership, the Company successfully withstood the financial crash.

jeffrey immelt in 2008 during the downfall of stock price

GE was ranked among the Fortune 500 as the 26th-largest firm in the U.S. by gross revenue and as the 14th most profitable in 2011. Two employees of General Electric received the Nobel Prize: Irving Langmuir in 1932 and Ivar Giaever in 1973, respectively.

Heights

jeffrey immelt showing “stethoscope of the 21st century”

Immelt was thrice, named as the World's Best CEOs by Barron. He was named as Man of the Year in 2003 by The Financial Times. He also featured in Time magazine's 100 most influential people’s list in the world in 2009.

Personal Life

jeffrey immelt with his wife andrea

Immelt played football in college and was awarded the 2014 American Football Coaches Association Tuss McLaughry Award. In his accepting speech, he said, “I am a product of football and I owe a great debt of gratitude to that system. “What I learned playing football enters my life every day.”

Jeffery is associated with many charitable organizations. He was elected as Charter Trustee of his alma mater, Dartmouth, in 2008 and is still continuing in that role. Immelt is married to Andrea and they have a daughter Sarah. They live in Connecticut.

Achievements

In April 2015, Immelt won the 20th edition of the Leonardo International Prize "as a foreigner who reinforced his country's cultural and economic ties with Italy."

Awards

2002
Robert Fletcher

Jeff Immelt .'Every Company Has to be a Software Company'

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