John Flannery Succeeds Jeff Immelt as Chairman of GE; Lorenzo Simonelli Named Chairman of Baker Hughes GE

BOSTON–(BUSINESS WIRE)–GE (NYSE:GE) today announced that effective October 2, 2017, Jeffrey R.
Immelt retired as a director and Chairman of General Electric Company’s
Board of Directors (the “GE Board”) in light of Mr. Immelt’s
determination that the CEO transition has proceeded smoothly and that
John L. Flannery, Chief Executive Officer, director and Chair-Elect, was
ready to succeed Mr. Immelt as Chairman of the Board. The Board
concurred and elected Mr. Flannery as Chairman of the Board effective
October 2, 2017.

Effective October 2, 2017, Mr. Immelt also retired as a director and
Chairman of the Board of Directors of Baker Hughes, a GE company
(“BHGE”). The BHGE Board of Directors (the “BHGE Board”) elected Lorenzo
Simonelli, President and Chief Executive Officer of BHGE, to succeed Mr.
Immelt as Chairman and elected W. Geoffrey Beattie to serve as lead
independent director.

About GE

GE (NYSE:GE) is the world’s Digital Industrial Company, transforming
industry with software-defined machines and solutions that are
connected, responsive and predictive. GE is organized around a global
exchange of knowledge, the "GE Store," through which each business
shares and accesses the same technology, markets, structure and
intellect. Each invention further fuels innovation and application
across our industrial sectors. With people, services, technology and
scale, GE delivers better outcomes for customers by speaking the
language of industry. www.ge.com

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investors to visit these websites from time to time, as information is
updated and new information is posted.

Contacts

GE Investor:
Matt Cribbins, 617-443-3400
[email protected]
or
GE
Media:
Jennifer Erickson, 646-682-5620
[email protected]