After Just a Year, GE Replaces CEO John Flannery With H. Lawrence Culp, Jr.

Following continued 'weaker performance' in power division

H. Lawrence Culp, Jr. GE

General Electric has a new leader—again. After just over a year with CEO John Flannery at the helm, the company’s board of directors has decided to implement a new leader, H. Lawrence Culp, Jr., as GE’s power business continues to show “weaker performance” with GE failing to meet its profit and cash-flow goals for the year.

@KristinaMonllos Kristina Monllos is a senior editor for Adweek.