Jack Welch vs Jeffrey Immelt

Jack Welch’s profile picture
Jeffrey Immelt’s profile picture
Former Chairman & CEO of General Electric
CEO, General Electric
$750 Million
Net worth 2018
Writers
Industry
Other
Peabody, Massachusetts, U.S
Residence
Fairfield, CT
United States
Country
United States
19/11/1935
BirthDay
19/02/1956
1.7 m
Height
Children
1
University of Illinois at Urbana-Champaign (1960), University of Massachusetts Amherst (1957), University of Illinois at Urbana-Champaign, Salem High School
Education
Master of Business Administration, Harvard Business School
NET WORTH STATISTIC
TIMELINE
2005

Welch is also an author who has written several books on management and leadership, including the 2005 bestseller, ‘Winning’ which he co-wrote with his third wife, Suzy

2004

He married Suzy in 2004 and is currently married to her

2003

This marriage too ended in a divorce in 2003 after his wife found about his affair with Suzy Wetlaufer whom he would eventually marry

1987

The couple divorced after 28 years of marriage in 1987

1981

Jack Welch is best known for serving as the chairman and CEO of General Electric from 1981 to 2001

1980

It was announced in 1980 that Jack Welch would succeed Reginald H

1977

He was named the vice president and head of Consumer Products and Services Division in 1977; he became the Vice Chairman in 1979

1973

In 1973, he was appointed as the head of strategic planning for GE

1971

In 1971, Welch also became the vice president of GE's metallurgical and chemical divisions

1970

Throughout the 1970s he worked relentlessly and was promoted from one position to another in quick succession, managing each challenging post with the same dedication and determination

1968

He continued working for GE and was made the vice president and head of GE’s entire plastics division in 1968, just eight years after he had joined the company in a junior position

1963

An incident that happened in 1963 almost cost him the job

1960

He joined General Electric in 1960 as a junior chemical engineer in the plastics division

1959

He married Carolyn Osburn in 1959 and had four children with her

1957

He went to the University of Massachusetts from where he graduated with a Bachelor of Science degree in chemical engineering in 1957

1935

He was born on 19 November 1935 in Massachusetts to John Welch and his wife, Grace

2017

On June 12, 2017, GE announced that Immelt would retire as CEO and would be replaced by John L

2016

In 2016, Immelt spoke at the commencement for Clemson University's College of Arts, Architecture, and Humanities as well as the College of Engineering and Science

2014

Immelt was awarded the 2014 American Football Coaches Association Tuss McLaughry Award, given to a distinguished American (or Americans) for the highest distinction in service to others

2013

In May 2013, he delivered the commencement address at the University of Connecticut Graduate School, and was awarded an honorary Doctor of Humane Letters

2012

" The council met a total of four times, with its final meeting on January 17, 2012

2011

He addressed the undergraduate class of 2011 of the University of Maryland, Baltimore County on May 23, 2011, and received an honorary Doctor of Public Service degree despite controversy at the school over GE's corporate tax strategies

2010

He was the commencement speaker on May 23, 2010, at Hamilton College, which awarded him its honorary Doctor of Laws, and on May 24, 2010, at Boston College, where he was awarded the Honorary Doctor of Business Administration

2009

Immelt was named to Time magazine's 100 most influential people in the world in 2009

2008

He was commencement speaker at the Worcester Polytechnic Institute on May 17, 2008 and received an honorary degree

2007

He was commencement speaker at the University of Notre Dame on May 20, 2007, where he was awarded the honorary Doctor of Laws

2006

In the years that followed, Immelt gave the commencement address at Northeastern University (2006) and received the honorary Doctorate of Business Administration

2005

Immelt served as Chairman of The Business Council, a nonpartisan organization, in 2005 and 2006

2004

He gave the college commencement address and received an honorary Doctor of Laws from Dartmouth, in June 2004

2003

The Financial Times named him "Man of the Year" in 2003

2002

On February 26, 2002, shortly after becoming GE's Chairman and CEO, Immelt gave a Town Hall speech at Georgia Institute of Technology as a guest of their President

2001

After becoming chairman of GE, Immelt delivered his first university address to the 2001 graduating class of the Thayer School of Engineering at Dartmouth College, of which he is an alumnus, as their Investiture Speaker

2000

He was selected as GE's CEO by their Board of Directors in 2000 to replace Jack Welch upon Welch's retirement from GE

1989

He became a GE officer in 1989, joined the GE Capital board in 1997 and took on the leadership of GE Healthcare before being named CEO

1982

" Immelt has been with GE since 1982, when he graduated from Harvard with his MBA

1978

in Applied Mathematics and Economics cum laude from Dartmouth College graduating with the class of 1978; he was president of his fraternity, Phi Delta Alpha, and currently serves on the Dartmouth board of trustees

1956

Jeffrey Robert Immelt (born February 19, 1956) is an American business executive