Flan­nery named CEO at GE Health­care

Modern Healthcare - - NEWS MAKERS -

Who: John Flan­nery, 53 New role:

Pres­i­dent and CEO of GE Health­care. Flan­nery was pre­vi­ously the par­ent company’s se­nior VP of business de­vel­op­ment. He suc­ceeds John Di­neen. Pre­vi­ous work at GE:

Flan­nery was GE’s top M&A ex­ec­u­tive. He over­saw GE’s pur­chase of Al­stom’s en­ergy and trans­mis­sion busi­nesses in June and he was also in­volved in the spinoff of GE’s re­tail fi­nance arm and the sale of its ap­pli­ance business to Stock­holm-based Elec­trolux. He also served as pres­i­dent and CEO of GE In­dia. GE Health­care gen­er­ates about $20 bil­lion in an­nual rev­enue. An out­sider’s view of the ap­point­ment:

Though he has lit­tle health­care ex­pe­ri­ence, “John Flan­nery is def­i­nitely be­ing brought in be­cause he’s a deal spe­cial­ist. I think he’s go­ing to be tasked with bring­ing them into more of a ‘yes’ sit­u­a­tion with more op­por­tu­ni­ties,” said John McLean of ex­ec­u­tive search firm Witt/Ki­ef­fer: McLean is man­ag­ing part­ner of the firm’s global life sciences prac­tice. GE’s Im­melt on Flan­nery’s new role: “John has a track record of grow­ing busi­nesses with a spe­cial em­pha­sis on global ex­pan­sion,” GE Chair­man and CEO Jeff Im­melt said in a writ­ten state­ment. “He has a deep un­der­stand­ing of GE’s in­dus­trial busi­nesses and strat­egy.”

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