Immelt's Departure Marks the End of a Transformational Period at GE; Now It's All About Execution
We’re maintaining our $32 fair value estimate and wide moat rating for GE following news that CEO Jeff Immelt will retire at the end of 2017. Immelt passes the reins to 30-year GE veteran John Flannery, CEO of GE Healthcare, who was recently tasked with turning around the segment’s performance amid years of stagnation. Flannery will assume leadership effective Aug. 1, 2017.In our view, the announcement marks the end of a tumultuous period for GE, during which the company evolved from a sprawli...
General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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