General Electric head John Flannery is out after just more than a year at the top of the company.
However, as Flannery has restructured the multinational conglomerate, its value has dipped below $100 billion and shares are down more than 35 percent this year, following a 45 percent decline in 2017.
GE, founded in 1892, has lost more than $500 billion in market value since 2000, the year former longtime GE CEO Jack Welch announced his retirement, according to Bloomberg.
Flannery will be replaced by H. Lawrence (Larry) Culp, Jr., who had the unanimous support of the board, the company said on Monday.
In hiring Mr. Culp, 55 years old, GE brought in a leader who ran what some investors saw as a model industrial conglomerate.
Flannery replaced Welch successor Immelt, himself pushed out earlier than expected last summer after nearly 16 years at the top. The company said it would take a non-cash charge related to that division. That will leave it focused on areas such as jet engines, power plants and renewable energy.
Larry Culp, who becomes chairman and chief executive, oversaw a dramatic recovery at Danaher, another large manufacturer, while Tom Horton, who joins as senior director, restored the fortunes of American Airlines. "We will be working very hard in the coming weeks to drive superior execution, and we will move with urgency", Culp said.
"Under Culp, investors may be willing to look further out to assess what GE may be worth post the planned portfolio moves, which may sustain the bounce in the stock that we expect today". We remain committed to strengthening the balance sheet including deleveraging.
The Sun royal correspondent Emily Andrews hailed it as well, saying, "a princess who still takes the time to shut her auto door". FROM Hollywood actress, to royalty - the last few years have certainly been a whirlwind for Duchess of Sussex, Meghan Markle .
Leganes , however, will draw positives from the match as they will hoping to get out of the bottom three on the La Liga table. Leganes had never earned a point against Barcelona in its three seasons in the first division. "We didn't expect them".
The affected islands will likely experience tropical storm conditions Thursday, including very gusty winds and heavy rain . A Tropical Storm Warning is in effect for Barbados, St Lucia, Dominique, Martinique, and Guadeloupe.
Sims - whose father, Wayne, was an LSU basketball player from 1987-91 - appeared in all but one game last season for the Tigers. No arrests have been made, but the investigation, which has been classified as a homicide , is ongoing.
The change, released with Chrome 69 earlier this month, does not enable Chrome's browser syncing feature. Prior to this change, users had the option to specifically log into browsers if necessity arose.
And then there's the new Shadow Stones - they are scattered throughout the map, letting you go completely invisible. With Season 6, Epic is introducing a new Halloween theme for the game, just in time for Halloween, of course.
But this has only just begun, despite not winning, we're still at the top of the table and that means the league is very equal. Some fans were carried away on stretchers, although local media said no serious injuries were immediately reported.
Pogba and Mourinho exchanged words as the Frenchman arrived on the pitch at United's Carrington training complex. But after the penalty shootout defeat, defender Young told MUTV : "I think they had more intensity than we did".
But she apologized for not remember when, where, or exactly who was at the party where she says the assault took place. The committee has interviewed two men who came forward about the disputed assault at a summer house party.
Sergio had winds of 50 mph (85 kph) early Sunday and it was centered about 485 miles (780 kilometers) south of Manzanillo, Mexico. The center of Rosa was expected to approach Baja California Monday, but is forecast to weaken to a tropical storm by that point.
Here are his own words: "It's happened to me many times ". "It's a con game that they're playing", Trump said. Trump says he views such accusations "differently" because he's "had a lot of false charges made against me".
National Hurricane Center advisory, Kirk's sustained winds measured 35 mph and extended 70 miles north of the storm's center. Up to 8,000 residents in Georgetown, South Carolina, are on standby for evacuation ahead of two rivers bursting their banks.
Powerful typhoon batters Okinawa, churns to Japan mainland
The typhoon is not expected to hit the capital head-on but strong winds and heavy rain are still feared from later Sunday. It is expected to make landfall on Kyushu island on Sunday bringing heavy rains, strong winds and high waves.
GOP senator: Still "work to do" to get Kavanaugh confirmed
Confirmation of Mr Kavanaugh, a federal appeals court judge, would cement conservative control of the nation's highest court. Senator Dianne Feinstein, the committee's senior Democrat, called Kavanaugh's remarks unseemly for a judicial nominee.
Trump already claiming China meddling in 2018 midterm elections
Journalists from American media outlets who are critical of China often have trouble renewing visas and are sometimes booted out. And Trump's claim comes amid an escalation of tensions between Washington and Beijing, spurred by their growing trade dispute.
Wolves' Asking Price For Jimmy Butler "Too High"
Minnesota would surely receive a first-round pick, too, but it would be late in the round and not all that attractive. One wild card that some folks in the media seem to suggest we should keep an eye on is the Washington Wizards.