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GE Shake-Up Will Audition New Leaders

Immelt Lieutenant Leaving Amid Breakup of Energy Unit; GE Aims to Chop $300 Million in Costs

By

Kate Linebaugh

Updated July 20, 2012 5:22 p.m. ET

General Electric Co. will break its giant energy business into three units, creating new proving grounds for a generation of executives who could vie to succeed current Chief Executive Jeff Immelt.

The CEOs of the energy units to be formed later this year will report directly to Mr. Immelt, removing a management layer and trimming up to $300...

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GE Shake-Up Will Audition New Leaders

Immelt Lieutenant Leaving Amid Breakup of Energy Unit; GE Aims to Chop $300 Million in Costs

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