Jeff Immelt
Jeff Immelt
Jeffrey Robert "Jeff" Immeltis an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected as GE's CEO by their Board of Directors in 2000 to replace Jack Welch upon Welch's retirement from GE. Previously, Immelt had headed up GE's Medical Systems divisionas its President and CEO...
business five insurance last lost required solutions
Over the last five years, the Insurance Solutions business has lost $700m and required the infusion of $3.2bn of capital.
businesses created double earnings executing favorable generate growing growth half nine power second shipments strength systems turning year
The year is turning out as planned, ... As expected, the ramp-down of our turbine shipments in the first half created earnings pressure. However, we are executing with broad-based strength to generate significant growth in the second half. We see nine of 13 businesses growing in double digits and more favorable comparisons in power systems and insurance.
across appliances believe brand building business consumer create efficient either greater grow investing lighting money powerful product similar taking together
Because appliances and lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own, ... We want to create a simpler, more efficient business that will be competitive across all product lines. By taking out administrative costs, we will be able to put that money back into investing in new technologies and building greater brand awareness.
businesses continue growth markets performing solid
GE's end markets continue to show solid growth, and our businesses are performing very well,
appliances businesses combine efforts extend global goal leadership lighting position rich talents teams unified
The Lighting and Appliances teams are to be commended for their outstanding efforts in navigating very competitive global industries, ... Our goal now is to combine the rich talents of these two businesses into a unified effort that will extend our leadership position and profitability.
across consistent continue earnings good guidance prior remains rest
We continue to see good fundamentals across the rest of our businesses, and our earnings guidance remains consistent with prior expectations,
current economic environment line looking positive remains
Looking into 2006, the current economic environment remains positive and is in line with our expectations.
hours
There are 24 hours in a day, and you can use all of them.
environment execution fourth growth slow solid
We think we'll have solid execution in a slow growth environment in the fourth quarter,
achieve confident earnings growth percent remain share
We also remain confident that we will achieve 10 to 15 percent earnings per share growth in 2005,
economy less view
We view the economy more or less the same as 2005.
appliances states united
We can't make appliances in the United States and make money,
finish growth solid strong year
We are well positioned for a strong finish to the year and solid double-digit growth into 2006,
company counting huge looks moves
We're really not counting on any huge moves with the portfolio. I think we like the company the way it looks today.