GE Appoints Flannery to Run Acquisitions Unit as Daley Retires
Feb. 8 (Bloomberg) -- General Electric Co. appointed its current head of operations in India to run business development to succeed Pamela Daley, who will retire next month.
John Flannery, 51, will take the post overseeing GE’s mergers, acquisitions and disposals on April 1, the Fairfield, Connecticut-based manufacturer said today in a statement. Daley is leaving the company after 24 years, it said.
Daley has been head of business development since July 2004, and was in charge of transactions not related to GE’s financial divisions. She was chief strategist on GE’s exit from the insurance industry as well as its disposal of plastics operations and the NBC Universal entertainment business.
“On every deal, Pam provided clear and expert analysis, and her wide credibility served us well with external partners,” Chief Executive Officer Jeff Immelt said in the statement.
bloomberg.com
RE: John Flannery
snip.
What are India’s biggest needs as they relate to GE?
John: Two things that have struck me are the oil and gas and water businesses. It looks like there can be a lot of growth in oil and gas exploration and production. We’ll definitely turn up the heat and focus on finding local partners.
In the water business, there is a chronic shortage of water at the consumer and industrial level. We’re competing for industrial reuse. It’s a very small business today and if we play our cards right, it could become a big business.
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