Flannery took over for longtime CEO
However, as Flannery has restructured the multinational conglomerate, its value has dipped below $100 billion and shares are down more than 35 percent this year.
GE warned Monday that it will miss its profit forecasts this year and it’s taking a $23 billion charge.
The company said Monday that H. Lawrence Culp Jr. will take over as chairman and CEO immediately.
Shares of