"New York Times"(*)
https://www.nytimes.com/2017/06/12/busi ... v=top-news" onclick="window.open(this.href);return false;
reports that Immelt is stepping down has GE's CEO, to be replaced by someone named Flannery, whose prior experience seems to have been largely on the financial side. (Simonelli, who at one time headed GETS, is named as one of the candidates passed over.)
There is no mention of the locomotive business in the article, but a bar graph suggests that "Transportation" yields something like 2 and a half percent of GE's revenues.
(*) I have a subscription, but I think non-subscribers are allowed to read some small number of articles monthly on the NYT's web site.
https://www.nytimes.com/2017/06/12/busi ... v=top-news" onclick="window.open(this.href);return false;
reports that Immelt is stepping down has GE's CEO, to be replaced by someone named Flannery, whose prior experience seems to have been largely on the financial side. (Simonelli, who at one time headed GETS, is named as one of the candidates passed over.)
There is no mention of the locomotive business in the article, but a bar graph suggests that "Transportation" yields something like 2 and a half percent of GE's revenues.
(*) I have a subscription, but I think non-subscribers are allowed to read some small number of articles monthly on the NYT's web site.